Van ECK Associates Corp Sells 70,933 Shares of Tyson Foods, Inc. (NYSE:TSN)

Van ECK Associates Corp trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,105,460 shares of the company’s stock after selling 70,933 shares during the period. Van ECK Associates Corp owned 0.31% of Tyson Foods worth $63,497,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in Tyson Foods by 6.9% during the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after purchasing an additional 859,351 shares during the period. Pzena Investment Management LLC grew its holdings in Tyson Foods by 0.4% during the third quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock valued at $747,108,000 after purchasing an additional 54,217 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Tyson Foods by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock worth $404,559,000 after acquiring an additional 87,054 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Tyson Foods by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock worth $140,439,000 after acquiring an additional 39,252 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Tyson Foods by 6.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company’s stock worth $69,442,000 after acquiring an additional 73,764 shares during the period. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TSN shares. UBS Group started coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target for the company. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. Barclays cut their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Citigroup cut their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Trading Down 0.3 %

NYSE TSN opened at $57.62 on Friday. The stock’s 50-day simple moving average is $57.79 and its two-hundred day simple moving average is $60.19. Tyson Foods, Inc. has a twelve month low of $51.24 and a twelve month high of $66.88. The company has a quick ratio of 0.95, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $20.52 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 0.72 and a beta of 0.80.

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

Tyson Foods Dividend Announcement

The company also recently declared 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 3.47%. Tyson Foods’s payout ratio is 67.57%.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $63.70, for a total value of $10,896,330.90. Following the transaction, the director now owns 36,179 shares in the company, valued at approximately $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the transaction, the insider now owns 10,625 shares in the company, valued at approximately $687,543.75. This represents a 70.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 381,531 shares of company stock worth $24,341,833 over the last 90 days. Corporate insiders own 2.03% of the company’s stock.

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.