Pacer Advisors Inc. Reduces Stock Holdings in Tyson Foods, Inc. $TSN

Pacer Advisors Inc. lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 96.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 48,012 shares of the company’s stock after selling 1,513,548 shares during the period. Pacer Advisors Inc.’s holdings in Tyson Foods were worth $2,814,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Tyson Foods by 306.4% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock valued at $2,607,000 after purchasing an additional 36,197 shares during the last quarter. AIA Group Ltd raised its position in Tyson Foods by 78.8% in the 3rd quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock worth $2,780,000 after purchasing an additional 22,571 shares during the period. Vinva Investment Management Ltd lifted its stake in Tyson Foods by 111.6% in the third quarter. Vinva Investment Management Ltd now owns 387,714 shares of the company’s stock worth $21,070,000 after purchasing an additional 204,482 shares during the last quarter. Perbak Capital Partners LLP bought a new stake in Tyson Foods in the third quarter worth about $1,255,000. Finally, Everpar Advisors LLC boosted its position in shares of Tyson Foods by 27.2% during the fourth quarter. Everpar Advisors LLC now owns 81,243 shares of the company’s stock valued at $4,762,000 after buying an additional 17,353 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Trading Up 3.6%

Shares of NYSE:TSN opened at $57.50 on Wednesday. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48. The business’s fifty day simple moving average is $62.50 and its 200-day simple moving average is $61.80. The company has a market capitalization of $20.25 billion, a PE ratio of 45.28, a P/E/G ratio of 1.12 and a beta of 0.38. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same period in the previous year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Tyson Foods, Inc. will post 4.16 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 Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is presently 160.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TSN shares. Weiss Ratings downgraded Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Stephens upped their price objective on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Mizuho assumed coverage on Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 target price on the stock. Finally, Piper Sandler reissued an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target of $68.20.

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.