Pacer Advisors Inc. Sells 27,749 Shares of Tyson Foods, Inc. (NYSE:TSN)

Pacer Advisors Inc. lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 59.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,848 shares of the company's stock after selling 27,749 shares during the quarter. Pacer Advisors Inc.'s holdings in Tyson Foods were worth $1,013,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Check Capital Management Inc. CA acquired a new position in shares of Tyson Foods in the 3rd quarter worth approximately $204,000. Rafferty Asset Management LLC lifted its holdings in shares of Tyson Foods by 11.1% in the 3rd quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company's stock worth $1,074,000 after purchasing an additional 2,129 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Tyson Foods by 157.1% in the 4th quarter. SG Americas Securities LLC now owns 47,188 shares of the company's stock worth $2,536,000 after purchasing an additional 28,833 shares during the last quarter. Markel Group Inc. lifted its holdings in shares of Tyson Foods by 28.3% in the 3rd quarter. Markel Group Inc. now owns 577,500 shares of the company's stock worth $29,158,000 after purchasing an additional 127,500 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new stake in shares of Tyson Foods in the 3rd quarter worth approximately $5,421,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Insider Buying and Selling

In other news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.05% of the company's stock.

Tyson Foods Price Performance

Shares of TSN stock traded up $0.21 during mid-day trading on Wednesday, hitting $57.81. 2,925,665 shares of the stock traded hands, compared to its average volume of 3,044,741. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $63.28. The firm has a market cap of $20.60 billion, a price-to-earnings ratio of -23.28, a price-to-earnings-growth ratio of 0.46 and a beta of 0.77. The company's 50-day simple moving average is $55.10 and its 200-day simple moving average is $51.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.28. The business had revenue of $13.32 billion for the quarter, compared to analysts' expectations of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company's quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. As a group, equities research analysts expect that Tyson Foods, Inc. will post 2.35 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods's payout ratio is -79.35%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TSN. Citigroup raised their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a "neutral" rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on Tyson Foods from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, February 1st. Bank of America raised Tyson Foods from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. Barclays lifted their target price on Tyson Foods from $50.00 to $53.00 and gave the company an "underweight" rating in a research note on Tuesday, February 6th. Finally, Piper Sandler lifted their target price on Tyson Foods from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $58.20.

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.