New York Life Investment Management LLC Has $2.19 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

New York Life Investment Management LLC cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 16.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,760 shares of the company’s stock after selling 7,934 shares during the quarter. New York Life Investment Management LLC’s holdings in Tyson Foods were worth $2,191,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TSN. Triumph Capital Management boosted its holdings in shares of Tyson Foods by 30.0% during the fourth quarter. Triumph Capital Management now owns 30,194 shares of the company’s stock worth $1,623,000 after acquiring an additional 6,963 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of Tyson Foods by 1.4% during the 4th quarter. Hexagon Capital Partners LLC now owns 41,774 shares of the company’s stock worth $2,245,000 after acquiring an additional 560 shares in the last quarter. Mach 1 Financial Group LLC bought a new position in Tyson Foods in the fourth quarter valued at approximately $263,000. Gibraltar Capital Management Inc. lifted its stake in Tyson Foods by 8.9% during the fourth quarter. Gibraltar Capital Management Inc. now owns 14,059 shares of the company’s stock worth $756,000 after purchasing an additional 1,148 shares during the last quarter. Finally, Altrius Capital Management Inc increased its stake in shares of Tyson Foods by 3.2% in the 4th quarter. Altrius Capital Management Inc now owns 66,151 shares of the company’s stock valued at $3,556,000 after purchasing an additional 2,062 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $483,750.00. Following the transaction, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.05% of the company’s stock.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $58.50 on Tuesday. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $62.04. 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 company’s 50 day moving average price is $57.80 and its 200-day moving average price is $53.53.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.23. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. During the same quarter in the previous year, the business earned ($0.04) earnings per share. Tyson Foods’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts forecast that Tyson Foods, Inc. will post 2.33 EPS for the current 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. This represents a $1.96 annualized dividend and a yield of 3.35%. The ex-dividend date is Friday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

Wall Street Analyst Weigh In

TSN has been the topic of several research analyst reports. Citigroup raised their price objective on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Piper Sandler upped their price objective on shares of Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. raised their target price on shares of Tyson Foods from $58.00 to $59.00 in a research report on Monday. BMO Capital Markets boosted their price objective on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 6th. Finally, Stephens reiterated an “overweight” rating and issued a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.