Tyson Foods, Inc. (NYSE:TSN) Stock Position Decreased by Pzena Investment Management LLC

Pzena Investment Management LLC cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,992,302 shares of the company’s stock after selling 551,479 shares during the quarter. Tyson Foods accounts for 2.4% of Pzena Investment Management LLC’s portfolio, making the stock its 19th largest holding. Pzena Investment Management LLC owned 3.37% of Tyson Foods worth $688,838,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of TSN. Principal Financial Group Inc. boosted its stake in shares of Tyson Foods by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 368,743 shares of the company’s stock worth $21,962,000 after acquiring an additional 13,066 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Tyson Foods during the 3rd quarter worth $1,198,000. Atria Investments Inc boosted its stake in shares of Tyson Foods by 37.8% during the 3rd quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock worth $821,000 after acquiring an additional 3,782 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Tyson Foods by 987.5% in the third quarter. Covestor Ltd now owns 1,914 shares of the company’s stock valued at $114,000 after purchasing an additional 1,738 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Tyson Foods by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after buying an additional 172 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Citigroup lowered their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays lowered their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research note on Tuesday, February 4th. Finally, BMO Capital Markets lifted their target price on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Trading Up 1.1 %

Shares of NYSE TSN opened at $61.93 on Tuesday. The stock has a market cap of $22.06 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 0.74 and a beta of 0.72. The business has a 50 day simple moving average of $57.84 and a 200 day simple moving average of $59.95. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. On average, research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. Tyson Foods’s payout ratio is currently 67.57%.

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.