Sumitomo Mitsui Trust Holdings Inc. Sells 175,665 Shares of Tyson Foods, Inc. (NYSE:TSN)

Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 20.5% during the fourth quarter, HoldingsChannel reports. The fund owned 680,018 shares of the company’s stock after selling 175,665 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Tyson Foods were worth $36,551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sugarloaf Wealth Management LLC grew its position in shares of Tyson Foods by 74.7% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after buying an additional 254 shares during the last quarter. Manchester Capital Management LLC grew its position in shares of Tyson Foods by 501.9% in the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after buying an additional 517 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of Tyson Foods by 306.8% in the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after buying an additional 540 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new stake in shares of Tyson Foods in the 3rd quarter valued at about $39,000. Institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TSN shares. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Stephens restated an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. The Goldman Sachs Group upped their target price on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday. Piper Sandler upped their target price on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and upped their target price for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $58.80.

Tyson Foods Price Performance

TSN stock opened at $59.95 on Friday. The stock’s 50 day simple moving average is $56.12 and its 200 day simple moving average is $52.47. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $63.28. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.41 by $0.28. The firm had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. Equities research analysts forecast that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

Insider Transactions at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now directly owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.05% of the company’s stock.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.