Tyson Foods, Inc. (NYSE:TSN) Holdings Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 44.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,783,880 shares of the company's stock after selling 2,211,207 shares during the quarter. Victory Capital Management Inc. owned 0.78% of Tyson Foods worth $149,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSN. Sugarloaf Wealth Management LLC raised its position in Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company's stock worth $30,000 after acquiring an additional 254 shares during the period. Manchester Capital Management LLC lifted its stake in Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company's stock worth $31,000 after purchasing an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company's stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of Tyson Foods by 306.8% during the third quarter. Lindbrook Capital LLC now owns 716 shares of the company's stock valued at $36,000 after purchasing an additional 540 shares in the last quarter. Finally, Montag A & Associates Inc. bought a new stake in shares of Tyson Foods in the third quarter worth about $39,000. 67.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TSN. Bank of America raised Tyson Foods from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $47.00 to $62.00 in a research note on Tuesday, February 6th. Piper Sandler increased their price objective on shares of Tyson Foods from $44.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday, January 26th. Citigroup boosted their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a "neutral" rating in a report on Wednesday, April 3rd. BMO Capital Markets increased their price target on shares of Tyson Foods from $52.00 to $55.00 and gave the company a "market perform" rating in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Tyson Foods from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $58.80.

Insider Activity at Tyson Foods

In other Tyson Foods 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 value of $483,750.00. Following the sale, the director now owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.05% of the company's stock.

Tyson Foods Trading Up 1.1 %

Shares of TSN stock traded up $0.66 on Thursday, reaching $60.95. 2,474,172 shares of the company's stock were exchanged, compared to its average volume of 2,750,635. The stock has a market capitalization of $21.72 billion, a PE ratio of -24.40, a P/E/G ratio of 0.48 and a beta of 0.73. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $61.71. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The company's fifty day simple moving average is $57.39 and its 200 day simple moving average is $53.20.

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 the consensus estimate of $0.41 by $0.28. The firm had revenue of $13.32 billion during the quarter, compared to analysts' expectations of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. During the same quarter last year, the company posted $0.85 earnings per share. The firm's revenue was up .4% compared to the same quarter last year. As a group, analysts forecast that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.22%. Tyson Foods's payout ratio is -79.35%.

About Tyson Foods

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.