Tyson Foods, Inc. $TSN Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 47.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 310,326 shares of the company’s stock after selling 278,666 shares during the period. Allianz Asset Management GmbH owned approximately 0.09% of Tyson Foods worth $16,851,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in Tyson Foods by 55.3% in the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock worth $3,273,000 after purchasing an additional 20,888 shares during the period. Markel Group Inc. raised its stake in shares of Tyson Foods by 4.0% in the 3rd quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock valued at $46,074,000 after buying an additional 32,500 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Tyson Foods by 128.9% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 54,548 shares of the company’s stock worth $3,051,000 after acquiring an additional 30,713 shares during the period. Liberty One Investment Management LLC boosted its position in shares of Tyson Foods by 32.1% during the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock valued at $6,179,000 after acquiring an additional 27,627 shares in the last quarter. Finally, Polaris Capital Management LLC increased its stake in Tyson Foods by 20.4% in the third quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock valued at $29,498,000 after acquiring an additional 91,900 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TSN. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a research note on Tuesday. Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Piper Sandler upped their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Barclays lifted their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average price target of $64.27.

Tyson Foods Price Performance

Shares of TSN stock opened at $65.34 on Friday. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $66.41. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $59.82 and its 200-day moving average is $56.32. The firm has a market capitalization of $23.07 billion, a price-to-earnings ratio of 116.68, a PEG ratio of 1.44 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $14.31 billion for the quarter, compared to analyst estimates of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. Sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.51 per share. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. Tyson Foods’s payout ratio is currently 364.29%.

Insider Activity at Tyson Foods

In related news, CFO Curt Calaway sold 6,539 shares of the firm’s 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 sale, the chief financial officer owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This trade represents a 17.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman John H. Tyson sold 100,301 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $58.05, for a total value of $5,822,473.05. Following the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. The trade was a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.11% of the stock is owned by insiders.

Tyson Foods 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.