Vontobel Holding Ltd. Reduces Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Vontobel Holding Ltd. trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 74.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,917 shares of the company’s stock after selling 29,243 shares during the quarter. Vontobel Holding Ltd.’s holdings in Tyson Foods were worth $533,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Check Capital Management Inc. CA purchased a new stake in shares of Tyson Foods in the 3rd quarter worth $204,000. SG Americas Securities LLC increased its position in Tyson Foods by 157.1% during the 4th quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock valued at $2,536,000 after buying an additional 28,833 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Tyson Foods by 11.1% in the third quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company’s stock valued at $1,074,000 after purchasing an additional 2,129 shares during the period. Markel Group Inc. increased its holdings in shares of Tyson Foods by 28.3% in the third quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock valued at $29,158,000 after purchasing an additional 127,500 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in shares of Tyson Foods in the third quarter valued at about $5,421,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tyson Foods

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

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Stephens restated an “overweight” rating and issued a $70.00 target price on shares of Tyson Foods in a research note on Tuesday, February 6th. Piper Sandler upped their target price on Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Citigroup increased their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. One 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 MarketBeat, the company currently has an average rating of “Hold” and an average price target of $58.80.

Tyson Foods Price Performance

NYSE:TSN opened at $60.61 on Tuesday. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $63.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. The stock has a market cap of $21.60 billion, a PE ratio of -24.54, a P/E/G ratio of 0.48 and a beta of 0.77. The stock has a 50 day moving average price of $56.28 and a 200 day moving average price of $52.58.

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

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.23%. Tyson Foods’s dividend payout ratio is currently -79.35%.

Tyson Foods Company Profile

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.