Barrow Hanley Mewhinney & Strauss LLC Sells 6,251 Shares of Tyson Foods, Inc. (NYSE:TSN)

Barrow Hanley Mewhinney & Strauss LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 262,557 shares of the company's stock after selling 6,251 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.07% of Tyson Foods worth $15,081,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Tyson Foods by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock worth $2,051,433,000 after purchasing an additional 325,361 shares during the period. Geode Capital Management LLC raised its position in Tyson Foods by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock worth $400,712,000 after purchasing an additional 178,785 shares in the last quarter. Northern Trust Corp lifted its stake in Tyson Foods by 2.6% during the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock worth $270,014,000 after purchasing an additional 118,402 shares during the period. Bank of New York Mellon Corp boosted its holdings in Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after purchasing an additional 427,582 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Tyson Foods in the 4th quarter worth approximately $175,086,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the topic of several recent 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. Wall Street Zen downgraded shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. Stephens cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Finally, HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $62.63.

Tyson Foods Trading Up 0.5%

Shares of Tyson Foods stock traded up $0.26 on Thursday, hitting $55.62. 417,110 shares of the company's stock traded hands, compared to its average volume of 2,391,543. The firm's 50-day moving average price is $59.04 and its two-hundred day moving average price is $59.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The stock has a market capitalization of $19.81 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88.

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

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.60%. Tyson Foods's payout ratio is 77.82%.

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.