Assenagon Asset Management S.A. Decreases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Assenagon Asset Management S.A. lessened its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 90.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,282 shares of the company's stock after selling 41,538 shares during the period. Assenagon Asset Management S.A.'s holdings in Tyson Foods were worth $230,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC increased its position in shares of Tyson Foods by 74.7% during the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company's stock valued at $30,000 after buying an additional 254 shares during the period. Manchester Capital Management LLC boosted its stake in Tyson Foods by 501.9% during the third quarter. Manchester Capital Management LLC now owns 620 shares of the company's stock worth $31,000 after acquiring an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company's stock worth $35,000 after buying an additional 208 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Tyson Foods by 306.8% in the third quarter. Lindbrook Capital LLC now owns 716 shares of the company's stock worth $36,000 after buying an additional 540 shares in the last quarter. Finally, First Financial Corp IN bought a new position in shares of Tyson Foods in the third quarter worth approximately $39,000. Institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TSN shares. BMO Capital Markets upped their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 6th. Bank of America upgraded shares of Tyson Foods from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. Piper Sandler raised their target price on shares of Tyson Foods from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, January 26th. Stephens restated an "overweight" rating and issued a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. Finally, Barclays raised their price target on shares of Tyson Foods from $50.00 to $53.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $58.20.

Insider Buying and Selling

In other news, Director Noel W. White sold 9,000 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were 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 of the company's stock, valued at approximately $1,672,431.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.05% of the stock is owned by insiders.

Tyson Foods Stock Performance

NYSE TSN traded up $0.32 on Tuesday, hitting $59.41. 1,662,496 shares of the company's stock traded hands, compared to its average volume of 2,990,868. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $63.28. The firm's 50-day moving average price is $55.56 and its two-hundred day moving average price is $52.00. The firm has a market capitalization of $21.17 billion, a PE ratio of -24.05, a P/E/G ratio of 0.47 and a beta of 0.77.

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

Tyson Foods Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods's payout ratio is presently -79.35%.

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.