Tyson Foods, Inc. (NYSE:TSN) Stock Position Lessened by Poplar Forest Capital LLC

Poplar Forest Capital LLC trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 26.0% in the fourth quarter, HoldingsChannel reports. The firm owned 405,372 shares of the company’s stock after selling 142,321 shares during the period. Tyson Foods makes up about 4.3% of Poplar Forest Capital LLC’s portfolio, making the stock its 7th biggest holding. Poplar Forest Capital LLC’s holdings in Tyson Foods were worth $23,285,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TSN. International Assets Investment Management LLC lifted its position in shares of Tyson Foods by 4,586.1% in the third quarter. International Assets Investment Management LLC now owns 65,933 shares of the company’s stock valued at $3,927,000 after acquiring an additional 64,526 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Tyson Foods by 28.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,362 shares of the company’s stock valued at $1,156,000 after purchasing an additional 4,280 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Tyson Foods by 1.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,616 shares of the company’s stock worth $632,000 after purchasing an additional 189 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Tyson Foods by 28.9% during the third quarter. Nisa Investment Advisors LLC now owns 80,191 shares of the company’s stock worth $4,776,000 after buying an additional 17,963 shares in the last quarter. Finally, abrdn plc raised its position in shares of Tyson Foods by 0.5% in the third quarter. abrdn plc now owns 94,963 shares of the company’s stock valued at $5,642,000 after buying an additional 518 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays lowered their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. BMO Capital Markets upped 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. Citigroup decreased their price target 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. Finally, HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Stock Up 0.6 %

Shares of NYSE:TSN opened at $61.35 on Friday. The stock has a 50-day simple moving average of $57.43 and a 200-day simple moving average of $60.04. The stock has a market capitalization of $21.85 billion, a P/E ratio of 20.73, a PEG ratio of 0.74 and a beta of 0.80. Tyson Foods, Inc. has a 1 year low of $52.11 and a 1 year 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 released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion during 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%. Tyson Foods’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. Equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

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

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.