Allspring Global Investments Holdings LLC Purchases 42,319 Shares of Tyson Foods, Inc. $TSN

Allspring Global Investments Holdings LLC lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 49.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 127,597 shares of the company’s stock after purchasing an additional 42,319 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Tyson Foods were worth $6,950,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after buying an additional 228 shares during the period. NewSquare Capital LLC grew its position in shares of Tyson Foods by 175.3% during the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after acquiring an additional 326 shares during the period. Matrix Trust Co increased its stake in shares of Tyson Foods by 28,200.0% in the 2nd quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares in the last quarter. First Command Advisory Services Inc. increased its stake in shares of Tyson Foods by 389.8% in the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after purchasing an additional 460 shares in the last quarter. Finally, MTM Investment Management LLC bought a new position in Tyson Foods in the 2nd quarter worth $36,000. Institutional investors own 67.00% of the company’s stock.

Insider Buying and Selling at Tyson Foods

In related news, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the sale, the chairman owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the completion of the transaction, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at $1,820,529.27. The trade was a 17.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.11% of the company’s stock.

Tyson Foods Stock Down 2.0%

Shares of TSN stock opened at $56.00 on Wednesday. The company’s fifty day simple moving average is $56.11 and its two-hundred day simple moving average is $55.21. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $64.36. The stock has a market cap of $19.77 billion, a P/E ratio of 42.11, a PEG ratio of 1.31 and a beta of 0.48. The company has a quick ratio of 0.66, a current ratio of 1.55 and a debt-to-equity ratio of 0.43.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.30. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The firm had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.08 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, February 27th. Tyson Foods’s payout ratio is 153.38%.

Analysts Set New Price Targets

A number of analysts have commented on the company. BMO Capital Markets upped their price target on Tyson Foods from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 11th. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Bank of America decreased their target price on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Finally, Santander assumed coverage on shares of Tyson Foods in a research note on Thursday, September 25th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $61.00.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.