Sumitomo Mitsui Trust Group Inc. Sells 20,309 Shares of Tyson Foods, Inc. (NYSE:TSN)

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 719,838 shares of the company’s stock after selling 20,309 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Tyson Foods were worth $41,347,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Tyson Foods by 6.9% in 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 lifted 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 worth $747,108,000 after acquiring an additional 54,217 shares during the period. Geode Capital Management LLC grew its stake in Tyson Foods by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock valued at $404,559,000 after purchasing an additional 87,054 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Tyson Foods by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock valued at $140,439,000 after purchasing an additional 39,252 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Tyson Foods by 6.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company’s stock worth $69,442,000 after purchasing an additional 73,764 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN opened at $57.69 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.11. The stock has a market capitalization of $20.55 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80. Tyson Foods, Inc. has a 52-week low of $51.16 and a 52-week high of $66.88. The stock’s 50-day simple moving average is $58.14 and its 200 day simple moving average is $60.24.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results 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. The firm had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. 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. Stockholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.47%. Tyson Foods’s payout ratio is currently 67.57%.

Insider Buying and Selling

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total value of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Wes Morris sold 25,080 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the completion of the transaction, the insider now directly owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. This represents a 70.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 414,814 shares of company stock worth $26,450,955. Corporate insiders own 2.03% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the subject of a number of research analyst reports. Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. BMO Capital Markets lifted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Bank of America dropped their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Citigroup decreased their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $61.10.

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.