Ameriprise Financial Inc. Decreases Position in Tyson Foods, Inc. (NYSE:TSN)

Ameriprise Financial Inc. decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,574,285 shares of the company's stock after selling 157,173 shares during the period. Ameriprise Financial Inc. owned 0.44% of Tyson Foods worth $90,429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. DoubleLine ETF Adviser LP grew its stake in shares of Tyson Foods by 2.3% in the 4th quarter. DoubleLine ETF Adviser LP now owns 16,448 shares of the company's stock valued at $945,000 after purchasing an additional 376 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Tyson Foods by 36.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 293,408 shares of the company's stock valued at $16,853,000 after purchasing an additional 77,930 shares during the last quarter. Utah Retirement Systems grew its stake in shares of Tyson Foods by 0.4% in the 4th quarter. Utah Retirement Systems now owns 46,619 shares of the company's stock valued at $2,678,000 after purchasing an additional 200 shares during the last quarter. PDT Partners LLC purchased a new stake in shares of Tyson Foods in the fourth quarter valued at approximately $2,371,000. Finally, AQR Capital Management LLC boosted its stake in shares of Tyson Foods by 47.6% in the fourth quarter. AQR Capital Management LLC now owns 324,211 shares of the company's stock valued at $18,545,000 after buying an additional 104,600 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Trading Down 1.1%

Tyson Foods stock traded down $0.62 during trading on Tuesday, hitting $55.37. The company's stock had a trading volume of 2,842,871 shares, compared to its average volume of 2,384,728. The stock has a market capitalization of $19.72 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 0.74 and a beta of 0.63. The stock's fifty day moving average is $60.23 and its 200 day moving average is $59.64. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. The firm had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 earnings per share. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.61%. Tyson Foods's dividend payout ratio is presently 77.82%.

Analysts Set New Price Targets

TSN has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. StockNews.com downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Citigroup boosted their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Finally, Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and an average target price of $62.63.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.