BI Asset Management Fondsmaeglerselskab A S Sells 25,183 Shares of Tyson Foods, Inc. (NYSE:TSN)

BI Asset Management Fondsmaeglerselskab A S cut its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 45.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,470 shares of the company's stock after selling 25,183 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Tyson Foods were worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TSN. Riverview Trust Co grew its stake in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after purchasing an additional 445 shares during the last quarter. Brooklyn Investment Group boosted its position in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after acquiring an additional 570 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after acquiring an additional 229 shares in the last quarter. TCTC Holdings LLC boosted its position in Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after acquiring an additional 387 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in Tyson Foods during the 4th quarter valued at approximately $42,000. 67.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on TSN shares. Barclays cut their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Stephens boosted their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $61.78.

Tyson Foods Stock Down 1.4 %

TSN traded down $0.84 during trading on Friday, hitting $60.58. 1,462,882 shares of the company's stock traded hands, compared to its average volume of 2,338,588. The company's 50 day simple moving average is $60.76 and its two-hundred day simple moving average is $59.75. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The stock has a market capitalization of $21.58 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 0.74 and a beta of 0.62.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same period last year, the business posted $0.69 EPS. The company's revenue was up 2.3% compared to the same quarter last year. Analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.30%. Tyson Foods's payout ratio is 67.57%.

About Tyson Foods

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.