Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 86.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,616 shares of the company’s stock after selling 114,127 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Tyson Foods were worth $1,001,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TSN. IFP Advisors Inc lifted its holdings in Tyson Foods by 27.5% in the third quarter. IFP Advisors Inc now owns 5,893 shares of the company’s stock valued at $298,000 after acquiring an additional 1,270 shares during the last quarter. DnB Asset Management AS raised its position in Tyson Foods by 3.1% in the third quarter. DnB Asset Management AS now owns 45,610 shares of the company’s stock valued at $2,303,000 after purchasing an additional 1,357 shares during the period. HB Wealth Management LLC purchased a new stake in Tyson Foods in the third quarter valued at approximately $250,000. DAVENPORT & Co LLC raised its position in Tyson Foods by 39.3% in the third quarter. DAVENPORT & Co LLC now owns 32,528 shares of the company’s stock valued at $1,642,000 after purchasing an additional 9,183 shares during the period. Finally, Founders Financial Securities LLC purchased a new stake in Tyson Foods in the third quarter valued at approximately $1,111,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of TSN opened at $60.96 on Wednesday. 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 market capitalization of $21.72 billion, a price-to-earnings ratio of -24.68, a price-to-earnings-growth ratio of 0.48 and a beta of 0.77. The firm has a 50-day simple moving average of $56.47 and a 200-day simple moving average of $52.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid 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 3.22%. Tyson Foods’s dividend payout ratio (DPR) is -79.35%.

Analyst Ratings Changes

A number of analysts have issued reports on TSN shares. BMO Capital Markets boosted their target price on Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research report on Tuesday, February 6th. Stephens reissued an “overweight” rating and issued a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. The Goldman Sachs Group boosted 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, April 17th. Bank of America raised Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. Finally, Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. One investment 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. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $58.80.

Insider Transactions at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were 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 owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.05% of the company’s stock.

Tyson Foods 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.