Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Towle & Co.

Towle & Co. lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 18.1% during the fourth quarter, according to its most recent disclosure 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 investment portfolio, making the stock its 11th biggest holding. Towle & Co. owned 0.08% of Tyson Foods worth $17,355,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Barclays PLC boosted its stake in Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after purchasing an additional 446,648 shares during the period. Park Avenue Securities LLC boosted its stake in Tyson Foods by 59.1% in the 4th quarter. Park Avenue Securities LLC now owns 10,132 shares of the company's stock worth $582,000 after purchasing an additional 3,764 shares during the period. Empirical Asset Management LLC acquired a new position in Tyson Foods in the 4th quarter worth approximately $929,000. Brooklyn Investment Group boosted its stake in Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after purchasing an additional 570 shares during the period. Finally, Kera Capital Partners Inc. acquired a new position in Tyson Foods in the 4th quarter worth approximately $205,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Stephens reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Piper Sandler raised shares of 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. Wall Street Zen cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Tyson Foods has an average rating of "Hold" and an average target price of $62.63.

Tyson Foods Stock Performance

Shares of NYSE:TSN traded up $0.14 during midday trading on Friday, reaching $55.62. The company had a trading volume of 2,629,615 shares, compared to its average volume of 2,397,147. The stock has a market cap of $19.81 billion, a P/E ratio of 18.79, a P/E/G ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The company's 50 day moving average price is $59.34 and its 200 day moving average price is $59.44.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business's quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.60%. Tyson Foods's payout ratio is currently 77.82%.

Tyson Foods 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.