Truist Financial Corp Sells 20,986 Shares of Tyson Foods, Inc. $TSN

Truist Financial Corp cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 31.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 46,118 shares of the company’s stock after selling 20,986 shares during the period. Truist Financial Corp’s holdings in Tyson Foods were worth $2,504,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in Tyson Foods by 10.0% during the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock valued at $119,000 after purchasing an additional 200 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Tyson Foods by 0.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company’s stock valued at $3,099,000 after buying an additional 206 shares during the last quarter. Rossby Financial LCC increased its position in shares of Tyson Foods by 25.0% during the second quarter. Rossby Financial LCC now owns 1,084 shares of the company’s stock valued at $61,000 after acquiring an additional 217 shares in the last quarter. Unison Advisors LLC raised its holdings in Tyson Foods by 0.9% in the 2nd quarter. Unison Advisors LLC now owns 26,433 shares of the company’s stock worth $1,479,000 after acquiring an additional 224 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after acquiring an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on TSN shares. Barclays lifted their target price on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Finally, BMO Capital Markets boosted their price objective on shares of Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $64.27.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, CFO Curt Calaway sold 6,539 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman John H. Tyson sold 100,301 shares of the firm’s 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 transaction, the chairman directly owned 2,989,415 shares in the company, valued at $173,535,540.75. This trade represents a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.11% of the stock is currently owned by insiders.

Tyson Foods Trading Up 0.2%

Tyson Foods stock opened at $65.34 on Friday. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $66.41. The company has a market cap of $23.07 billion, a P/E ratio of 116.68, a P/E/G ratio of 1.44 and a beta of 0.48. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $59.82 and a two-hundred day simple moving average of $56.31.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. During the same period in the previous year, the business posted $1.14 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

Tyson Foods Company 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.