Tyson Foods, Inc. (NYSE:TSN) Stock Holdings Decreased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 23.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,974,545 shares of the company's stock after selling 3,126,786 shares during the period. Price T Rowe Associates Inc. MD owned about 2.80% of Tyson Foods worth $572,939,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TSN. Barclays PLC increased its stake in shares of Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after purchasing an additional 446,648 shares in the last quarter. Virtu Financial LLC acquired a new stake in Tyson Foods during the 3rd quarter valued at $1,241,000. Arvest Bank Trust Division purchased a new position in Tyson Foods during the third quarter worth $270,000. Tidal Investments LLC lifted its position in shares of Tyson Foods by 37.5% in the third quarter. Tidal Investments LLC now owns 47,059 shares of the company's stock valued at $2,803,000 after acquiring an additional 12,830 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Tyson Foods by 12.9% during the third quarter. Synovus Financial Corp now owns 6,286 shares of the company's stock valued at $374,000 after acquiring an additional 720 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Trading Up 0.6 %

NYSE TSN traded up $0.33 during mid-day trading on Wednesday, hitting $60.91. The company's stock had a trading volume of 617,745 shares, compared to its average volume of 2,331,012. The firm has a market capitalization of $21.70 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The stock's fifty day simple moving average is $60.84 and its two-hundred day simple moving average is $59.76.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company's revenue was up 2.3% compared to the same quarter last year. Research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. Tyson Foods's dividend payout ratio is presently 67.57%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays reduced their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Citigroup upped their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Stephens lifted their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Tyson Foods has an average rating of "Hold" and a consensus target price of $61.78.

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.