Towle & Co. Lowers Position in Tyson Foods, Inc. (NYSE:TSN)

Towle & Co. trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 18.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,140 shares of the company's stock after selling 66,951 shares during the quarter. Tyson Foods comprises about 3.0% of Towle & Co.'s portfolio, making the stock its 11th biggest position. Towle & Co. owned approximately 0.08% of Tyson Foods worth $17,355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Twinbeech Capital LP bought a new stake in Tyson Foods during the 4th quarter worth approximately $677,000. Two Sigma Advisers LP increased its holdings in Tyson Foods by 40.1% during the 4th quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock worth $78,722,000 after purchasing an additional 392,200 shares in the last quarter. Two Sigma Investments LP increased its holdings in Tyson Foods by 20.5% during the 4th quarter. Two Sigma Investments LP now owns 909,550 shares of the company's stock worth $52,245,000 after purchasing an additional 154,553 shares in the last quarter. Tidal Investments LLC increased its holdings in Tyson Foods by 33.1% during the 4th quarter. Tidal Investments LLC now owns 62,612 shares of the company's stock worth $3,596,000 after purchasing an additional 15,553 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Tyson Foods by 1.1% in the 4th quarter. Toronto Dominion Bank now owns 152,957 shares of the company's stock worth $8,786,000 after buying an additional 1,659 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE TSN traded down $0.85 on Thursday, hitting $55.46. 2,368,740 shares of the stock traded hands, compared to its average volume of 2,402,869. The business's fifty day moving average is $59.54 and its two-hundred day moving average is $59.49. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The firm has a market capitalization of $19.76 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 0.74 and a beta of 0.63. 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 announced its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. The business 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%. Tyson Foods's revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TSN. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a research note on Tuesday, February 4th. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens cut their target price on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price 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. Finally, Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.