Robeco Institutional Asset Management B.V. Sells 254,535 Shares of Tyson Foods, Inc. $TSN

Key Points

• Robeco Institutional Asset Management cut its Tyson Foods stake by 95.7%, selling 254,535 shares and retaining 11,377 shares worth approximately $575,000. Institutional investors collectively own 67% of the company.
• Tyson Foods reported quarterly EPS of $0.99, in line with estimates, while revenue of $13.87 billion fell slightly short of expectations. Analysts expect full-year EPS of $3.49.
• The company declared a quarterly dividend of $0.51, or $2.04 annually, representing a 3.6% yield. Analysts have a consensus “Hold” rating and an average price target of $66.78.

Robeco Institutional Asset Management B.V. cut its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 95.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,377 shares of the company's stock after selling 254,535 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Tyson Foods were worth $575,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Pzena Investment Management LLC grew its holdings in Tyson Foods by 12.1% during the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company's stock worth $1,099,167,000 after acquiring an additional 1,845,200 shares during the last quarter. Hsbc Holdings PLC increased its position in Tyson Foods by 57.8% in the 1st quarter. Hsbc Holdings PLC now owns 930,379 shares of the company's stock valued at $59,560,000 after acquiring an additional 340,671 shares in the last quarter. Amundi raised its stake in shares of Tyson Foods by 31.6% in the first quarter. Amundi now owns 1,225,806 shares of the company's stock worth $78,537,000 after acquiring an additional 294,328 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Tyson Foods by 17.8% in the first quarter. Bank of America Corp DE now owns 1,610,663 shares of the company's stock worth $103,195,000 after acquiring an additional 243,060 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Tyson Foods in the second quarter worth about $11,267,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

Shares of TSN stock opened at $56.41 on Tuesday. The stock has a 50-day moving average price of $53.94 and a 200 day moving average price of $59.60. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a market cap of $19.84 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 0.94 and a beta of 0.40. Tyson Foods, Inc. has a 12 month low of $49.96 and a 12 month high of $69.48.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%. The firm had revenue of $13.87 billion during the quarter, compared to analysts' expectations of $14.07 billion. During the same period in the previous year, the business posted $0.91 EPS. The company's quarterly revenue was down .1% compared to the same quarter last year. Research analysts expect that Tyson Foods, Inc. will post 3.49 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, December 1st. Tyson Foods's dividend payout ratio is currently 125.93%.

Analysts Set New Price Targets

Several research firms have recently commented on TSN. Piper Sandler decreased their price target on shares of Tyson Foods from $66.00 to $56.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 7th. Barclays dropped their price objective on shares of Tyson Foods from $78.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, September 4th. Bank of America dropped their price objective on shares of Tyson Foods from $70.00 to $68.00 and set a "neutral" rating for the company in a research report on Thursday, July 2nd. Weiss Ratings raised Tyson Foods from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday. Finally, Sanford C. Bernstein decreased their price objective on Tyson Foods from $72.00 to $63.00 and set a "market perform" rating on the stock in a research report on Thursday, July 2nd. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $66.78.

Tyson Foods Profile

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.

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