ZWJ Investment Counsel Inc. Sells 40,017 Shares of Tyson Foods, Inc. (NYSE:TSN)

ZWJ Investment Counsel Inc. cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,621 shares of the company's stock after selling 40,017 shares during the period. ZWJ Investment Counsel Inc. owned about 0.09% of Tyson Foods worth $17,771,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TSN. Vanguard Group Inc. boosted its position in Tyson Foods by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company's stock valued at $3,332,404,000 after buying an additional 2,239,235 shares during the last quarter. State Street Corp boosted its position in Tyson Foods by 1.8% in the 1st quarter. State Street Corp now owns 14,557,461 shares of the company's stock valued at $1,304,785,000 after buying an additional 264,159 shares during the last quarter. Wellington Management Group LLP boosted its position in Tyson Foods by 2.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company's stock valued at $491,224,000 after buying an additional 200,586 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Tyson Foods by 97.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,471,823 shares of the company's stock valued at $561,869,000 after buying an additional 4,669,457 shares during the last quarter. Finally, FMR LLC boosted its position in Tyson Foods by 16.1% in the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company's stock valued at $376,096,000 after buying an additional 1,034,915 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TSN has been the topic of a number of recent research reports. Citigroup increased their price objective on Tyson Foods from $57.00 to $62.00 and gave the company a "neutral" rating in a research report on Wednesday, April 3rd. Stephens reissued an "overweight" rating and issued a $70.00 price target on shares of Tyson Foods in a research note on Tuesday, February 6th. Piper Sandler increased their price target on Tyson Foods from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, January 26th. Bank of America raised Tyson Foods from an "underperform" rating to a "neutral" rating and increased their price target for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. Finally, BMO Capital Markets increased their price target on Tyson Foods from $52.00 to $55.00 and gave the company a "market perform" rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $58.80.

Tyson Foods Trading Up 1.8 %

Tyson Foods stock traded up $1.08 during mid-day trading on Friday, hitting $59.95. 1,594,143 shares of the company's stock were exchanged, compared to its average volume of 2,857,649. The firm has a market capitalization of $21.36 billion, a P/E ratio of -24.27, a PEG ratio of 0.47 and a beta of 0.77. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $63.28. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The company's 50 day simple moving average is $56.12 and its 200-day simple moving average is $52.44.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business had revenue of $13.32 billion for the quarter, compared to the consensus estimate of $13.34 billion. During the same quarter last year, the business posted $0.85 EPS. The firm's revenue was up .4% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Friday, May 31st. Tyson Foods's dividend payout ratio is -79.35%.

Insider Buying and Selling at Tyson Foods

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

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.

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