Truist Financial Corp Has $4.13 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Truist Financial Corp lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 28.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 76,751 shares of the company’s stock after selling 29,977 shares during the quarter. Truist Financial Corp’s holdings in Tyson Foods were worth $4,125,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TSN. Sugarloaf Wealth Management LLC increased its position in shares of Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of Tyson Foods by 501.9% in the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock valued at $31,000 after acquiring an additional 517 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Lindbrook Capital LLC grew its position in Tyson Foods by 306.8% during the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after buying an additional 540 shares in the last quarter. Finally, Stone House Investment Management LLC bought a new position in shares of Tyson Foods in the fourth quarter worth $40,000. Institutional investors own 67.00% of the company’s stock.

Insider Activity at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were 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 owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.05% of the stock is currently owned by company insiders.

Tyson Foods Stock Performance

NYSE TSN opened at $58.50 on Tuesday. The company has a market capitalization of $20.85 billion, a PE ratio of -23.68, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74. 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, Inc. has a 52-week low of $44.94 and a 52-week high of $62.04. The company has a 50-day simple moving average of $57.80 and a 200 day simple moving average of $53.53.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. During the same quarter in the previous year, the firm posted ($0.04) EPS. Tyson Foods’s revenue was down .5% on a year-over-year basis. On average, research analysts predict that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued 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 currently -79.35%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TSN shares. Barclays upgraded 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. JPMorgan Chase & Co. boosted their price objective on Tyson Foods from $58.00 to $59.00 in a research note on Monday. Stephens reaffirmed an “overweight” rating and issued a $70.00 price target on shares of Tyson Foods in a research note on Tuesday, February 6th. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $47.00 to $62.00 in a report on Tuesday, February 6th. Finally, BMO Capital Markets raised 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Tyson Foods presently has a consensus 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.