Sei Investments Co. Has $10.26 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Sei Investments Co. decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 179,579 shares of the company’s stock after selling 17,529 shares during the quarter. Sei Investments Co. owned approximately 0.05% of Tyson Foods worth $10,261,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pzena Investment Management LLC raised its position in shares of Tyson Foods by 79.2% during the 1st quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock valued at $619,605,000 after acquiring an additional 4,662,332 shares during the last quarter. Davis Selected Advisers bought a new stake in shares of Tyson Foods during the 2nd quarter valued at $177,439,000. Capital Research Global Investors raised its position in shares of Tyson Foods by 153.2% during the 4th quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after acquiring an additional 2,920,479 shares during the last quarter. Royal London Asset Management Ltd. raised its position in shares of Tyson Foods by 76.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after acquiring an additional 1,465,139 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Tyson Foods by 6.2% during the 4th quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock valued at $555,541,000 after acquiring an additional 606,518 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.6 %

Shares of Tyson Foods stock opened at $59.69 on Friday. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The business’s 50 day simple moving average is $62.06 and its 200 day simple moving average is $59.50. The firm has a market cap of $21.31 billion, a PE ratio of -33.53, a P/E/G ratio of 0.42 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is currently -110.11%.

Analyst Ratings Changes

Several analysts have commented on TSN shares. JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. BMO Capital Markets upped their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Bank of America lowered their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Finally, Piper Sandler cut shares of Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $57.00 to $50.00 in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.67.

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.