Allianz Asset Management GmbH Has $16.85 Million Stake in Tyson Foods, Inc. $TSN

Allianz Asset Management GmbH trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 47.3% during the third quarter, HoldingsChannel.com reports. The firm owned 310,326 shares of the company’s stock after selling 278,666 shares during the quarter. Allianz Asset Management GmbH’s holdings in Tyson Foods were worth $16,851,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Money Concepts Capital Corp grew its stake in shares of Tyson Foods by 4.0% during the 3rd quarter. Money Concepts Capital Corp now owns 21,016 shares of the company’s stock worth $1,141,000 after acquiring an additional 814 shares in the last quarter. State of Wyoming grew its position in Tyson Foods by 6.1% in the third quarter. State of Wyoming now owns 7,105 shares of the company’s stock valued at $386,000 after purchasing an additional 410 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Tyson Foods by 34.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 51,322 shares of the company’s stock valued at $2,781,000 after buying an additional 13,034 shares during the last quarter. Transcend Capital Advisors LLC lifted its position in Tyson Foods by 40.3% during the 3rd quarter. Transcend Capital Advisors LLC now owns 6,944 shares of the company’s stock worth $377,000 after buying an additional 1,996 shares in the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Tyson Foods during the 3rd quarter worth about $290,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Up 0.2%

Tyson Foods stock opened at $65.34 on Friday. The company’s 50-day moving average price is $59.82 and its two-hundred day moving average price is $56.32. 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 stock 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. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $66.41.

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

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.51 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. Tyson Foods’s dividend payout ratio (DPR) is presently 364.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TSN shares. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a research note on Tuesday. BMO Capital Markets raised their target price on shares of Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday. Piper Sandler upped their price target on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $64.27.

Insiders Place Their Bets

In other news, CFO Curt Calaway sold 6,539 shares of the business’s stock in a transaction on 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction on 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 sale, the chairman owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. This represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.11% of the stock is currently owned by insiders.

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.