Securian Asset Management Inc. Cuts Position in Tyson Foods, Inc. (NYSE:TSN)

Securian Asset Management Inc. reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,363 shares of the company’s stock after selling 428 shares during the period. Securian Asset Management Inc.’s holdings in Tyson Foods were worth $882,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co increased its stake in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock valued at $26,000 after purchasing an additional 445 shares during the last quarter. Brooklyn Investment Group increased its stake in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Tyson Foods in the third quarter valued at approximately $36,000. SRS Capital Advisors Inc. increased its stake in Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after purchasing an additional 229 shares during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new position in Tyson Foods in the fourth quarter valued at approximately $42,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $59.87 on Friday. The firm has a market capitalization of $21.33 billion, a P/E ratio of 20.23, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The company’s fifty day moving average is $58.04 and its two-hundred day moving average is $59.88. 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 issued its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same period in the previous year, the firm earned $0.69 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Analyst Ratings Changes

Several brokerages have commented on TSN. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group initiated coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Barclays decreased their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a report on Tuesday, February 4th. Finally, Citigroup decreased their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. 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 data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $61.10.

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.