Allspring Global Investments Holdings LLC Grows Stock Position in Tyson Foods, Inc. $TSN

Allspring Global Investments Holdings LLC boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 49.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 127,597 shares of the company’s stock after buying an additional 42,319 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Tyson Foods were worth $6,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after acquiring an additional 228 shares during the last quarter. NewSquare Capital LLC raised its position in Tyson Foods by 175.3% in the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after purchasing an additional 326 shares during the period. Matrix Trust Co lifted its stake in Tyson Foods by 28,200.0% in the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares during the last quarter. First Command Advisory Services Inc. boosted its position in shares of Tyson Foods by 389.8% during the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after buying an additional 460 shares during the period. Finally, MTM Investment Management LLC purchased a new position in shares of Tyson Foods during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSN. BMO Capital Markets raised their price target on Tyson Foods from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 11th. Piper Sandler boosted their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Santander assumed coverage on shares of Tyson Foods in a research report on Thursday, September 25th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.00.

Insider Activity at Tyson Foods

In related news, CFO Curt Calaway sold 6,539 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value of $373,965.41. Following the completion of the sale, the chief financial officer owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. The trade was a 17.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $58.05, for a total value of $5,822,473.05. Following the completion of the sale, the chairman owned 2,989,415 shares in the company, valued at approximately $173,535,540.75. The trade was a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.11% of the company’s stock.

Tyson Foods Trading Down 2.0%

Tyson Foods stock opened at $56.00 on Wednesday. The firm has a market cap of $19.77 billion, a PE ratio of 42.11, a P/E/G ratio of 1.31 and a beta of 0.48. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $64.36. The stock’s 50 day simple moving average is $56.11 and its two-hundred day simple moving average is $55.21. The company has a current ratio of 1.55, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.30. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The firm had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.08 billion. During the same period in the previous year, the business posted $0.92 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. Analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio (DPR) is presently 153.38%.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.