Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 74.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,917 shares of the company’s stock after selling 29,243 shares during the period. Vontobel Holding Ltd.’s holdings in Tyson Foods were worth $533,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sugarloaf Wealth Management LLC grew its stake in Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock worth $30,000 after purchasing an additional 254 shares in the last quarter. Manchester Capital Management LLC boosted its stake in Tyson Foods by 501.9% in the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after acquiring an additional 517 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Tyson Foods by 47.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares during the period. Lindbrook Capital LLC boosted its stake in Tyson Foods by 306.8% in the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the period. Finally, Montag A & Associates Inc. acquired a new position in Tyson Foods in the third quarter valued at approximately $39,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on TSN. Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. BMO Capital Markets lifted their price target on Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. Piper Sandler lifted their price target on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Stephens reaffirmed an “overweight” rating and set a $70.00 price target on shares of Tyson Foods in a report on Tuesday, February 6th. Finally, StockNews.com raised Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average price target of $58.80.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the transaction, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.05% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $60.61 on Tuesday. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $63.28. The stock has a market cap of $21.60 billion, a price-to-earnings ratio of -24.54, a PEG ratio of 0.48 and a beta of 0.77. The stock’s 50 day moving average price is $56.28 and its 200 day moving average price is $52.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.28. The firm had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. Equities research analysts anticipate that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a yield of 3.23%. Tyson Foods’s dividend payout ratio is currently -79.35%.

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.