First Trust Direct Indexing L.P. Sells 1,564 Shares of Tyson Foods, Inc. (NYSE:TSN)

First Trust Direct Indexing L.P. trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,120 shares of the company’s stock after selling 1,564 shares during the period. First Trust Direct Indexing L.P.’s holdings in Tyson Foods were worth $329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TSN. Cambridge Investment Research Advisors Inc. boosted its position in shares of Tyson Foods by 1.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 64,789 shares of the company’s stock valued at $3,271,000 after buying an additional 1,068 shares during the last quarter. Raymond James & Associates lifted its stake in Tyson Foods by 2.6% during the 3rd quarter. Raymond James & Associates now owns 183,668 shares of the company’s stock valued at $9,273,000 after acquiring an additional 4,618 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Tyson Foods by 306.8% during the 3rd quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tyson Foods by 4.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 109,160 shares of the company’s stock worth $5,511,000 after acquiring an additional 4,382 shares during the period. Finally, IFM Investors Pty Ltd raised its holdings in shares of Tyson Foods by 3.2% during the third quarter. IFM Investors Pty Ltd now owns 56,511 shares of the company’s stock valued at $2,853,000 after purchasing an additional 1,755 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Insider Buying and Selling at Tyson Foods

In other news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the transaction, the director now owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.05% of the company’s stock.

Tyson Foods Stock Down 5.7 %

Tyson Foods stock opened at $58.50 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $62.04. The firm has a 50 day moving average of $57.80 and a 200 day moving average of $53.53.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.39 by $0.23. The firm had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned ($0.04) EPS. On average, analysts expect that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.35%. Tyson Foods’s payout ratio is -79.35%.

Analysts Set New Price Targets

A number of research firms have commented on TSN. Stephens reaffirmed 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 upped their price objective 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 raised their target price for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. BMO Capital Markets upped their price target on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research report on Tuesday, February 6th. Finally, Piper Sandler increased their price objective on shares of Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $59.20.

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.