Intellectus Partners LLC Sells 1,192 Shares of Tyson Foods, Inc. (NYSE:TSN)

Intellectus Partners LLC lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,615 shares of the company’s stock after selling 1,192 shares during the period. Intellectus Partners LLC’s holdings in Tyson Foods were worth $552,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TSN. State Street Corp boosted its stake in shares of Tyson Foods by 6.9% during the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after buying an additional 859,351 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Tyson Foods by 0.4% during the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock worth $747,108,000 after buying an additional 54,217 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Tyson Foods by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock worth $404,559,000 after buying an additional 87,054 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Tyson Foods by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after buying an additional 427,582 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Tyson Foods by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company’s stock worth $141,115,000 after buying an additional 98,799 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 1.3 %

Shares of NYSE:TSN opened at $61.30 on Friday. Tyson Foods, Inc. has a 12-month low of $53.59 and a 12-month high of $66.88. The stock has a market cap of $21.84 billion, a PE ratio of 20.71, a P/E/G ratio of 0.74 and a beta of 0.72. The business has a 50 day moving average of $57.74 and a 200-day moving average of $59.98. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. Tyson Foods’s payout ratio is 67.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSN. Citigroup reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. BMO Capital Markets raised their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Finally, Piper Sandler upgraded 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. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.10.

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.