Tyson Foods, Inc. $TSN Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 4.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 354,960 shares of the company’s stock after selling 17,900 shares during the quarter. Principal Financial Group Inc.’s holdings in Tyson Foods were worth $19,274,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Harbor Capital Advisors Inc. boosted its holdings in Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after purchasing an additional 228 shares during the period. NewSquare Capital LLC boosted its stake in shares of Tyson Foods by 175.3% in the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after buying an additional 326 shares during the period. Root Financial Partners LLC acquired a new position in shares of Tyson Foods during the third quarter worth about $28,000. First Command Advisory Services Inc. increased its stake 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 worth $32,000 after buying an additional 460 shares during the period. Finally, MTM Investment Management LLC purchased a new stake in shares of Tyson Foods during the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $65.34 on Monday. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41. The firm has a market capitalization 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 debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The company’s fifty day moving average price is $59.82 and its 200 day moving average price is $56.33.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The firm had revenue of $14.31 billion for 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 revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 annualized dividend and a yield of 3.1%. Tyson Foods’s payout ratio is 364.29%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Piper Sandler boosted their price target on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their target price on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, BMO Capital Markets upped their price objective on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $64.27.

Insider Buying and Selling

In other news, CFO Curt Calaway sold 6,539 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was 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 directly owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This represents a 17.04% decrease in their ownership of the stock. The transaction 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 the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the transaction, the chairman owned 2,989,415 shares in the company, valued at approximately $173,535,540.75. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.11% of the stock is currently owned by insiders.

About Tyson Foods

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.