Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC cut its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 48.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,568 shares of the company's stock after selling 64,649 shares during the period. Kovitz Investment Group Partners LLC's holdings in Tyson Foods were worth $3,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Credit Industriel ET Commercial purchased a new position in shares of Tyson Foods during the 4th quarter worth $316,000. Cigogne Management SA purchased a new position in Tyson Foods during the fourth quarter worth about $316,000. Syon Capital LLC boosted its holdings in Tyson Foods by 5.1% in the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company's stock valued at $205,000 after purchasing an additional 174 shares during the last quarter. Dark Forest Capital Management LP grew its stake in shares of Tyson Foods by 336.4% in the 4th quarter. Dark Forest Capital Management LP now owns 27,077 shares of the company's stock valued at $1,555,000 after buying an additional 20,872 shares during the period. Finally, State of Tennessee Department of Treasury increased its holdings in shares of Tyson Foods by 35.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 83,960 shares of the company's stock worth $4,823,000 after buying an additional 21,811 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TSN. UBS Group started coverage on Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective for the company. Barclays reduced their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Citigroup lifted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.78.

Tyson Foods Stock Down 0.9 %

NYSE TSN traded down $0.56 during trading hours on Thursday, hitting $60.68. 2,780,686 shares of the company were exchanged, compared to its average volume of 2,343,718. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a market cap of $21.61 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 0.74 and a beta of 0.62. The company has a 50 day moving average of $60.86 and a two-hundred day moving average of $59.77. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88.

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

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given 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 dividend payout ratio is currently 67.57%.

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.