Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. trimmed its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 68.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,722 shares of the company's stock after selling 29,839 shares during the quarter. Johnson Financial Group Inc.'s holdings in Tyson Foods were worth $738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in Tyson Foods by 2.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company's stock worth $491,224,000 after purchasing an additional 200,586 shares in the last quarter. FMR LLC grew its stake in Tyson Foods by 16.1% during the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company's stock worth $376,096,000 after purchasing an additional 1,034,915 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Tyson Foods by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company's stock worth $357,325,000 after purchasing an additional 49,540 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in Tyson Foods by 8.2% during the 4th quarter. Pzena Investment Management LLC now owns 5,887,724 shares of the company's stock worth $316,465,000 after buying an additional 446,904 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Tyson Foods by 2.6% during the 3rd quarter. Northern Trust Corp now owns 5,228,277 shares of the company's stock worth $263,976,000 after buying an additional 134,778 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of Tyson Foods stock traded down $0.61 on Friday, hitting $59.71. The stock had a trading volume of 1,675,503 shares, compared to its average volume of 3,076,382. The company's 50 day moving average price is $59.36 and its 200 day moving average price is $54.84. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. The stock has a market cap of $21.32 billion, a price-to-earnings ratio of -33.54, a P/E/G ratio of 0.44 and a beta of 0.74. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $62.04.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.39 by $0.23. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The firm's revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) EPS. On average, research analysts anticipate that Tyson Foods, Inc. will post 2.56 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods's dividend payout ratio is presently -110.11%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Stephens reaffirmed an "overweight" rating and set a $70.00 price target on shares of Tyson Foods in a report on Tuesday, February 6th. JPMorgan Chase & Co. lifted their price target on Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. Citigroup lifted their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a "neutral" rating in a report on Wednesday, April 3rd. HSBC lifted their price target on Tyson Foods from $48.00 to $51.00 and gave the stock a "reduce" rating in a report on Tuesday, May 7th. Finally, Piper Sandler boosted their target price on Tyson Foods from $55.00 to $57.00 and gave the company a "neutral" rating in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $60.22.

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.

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