Aberdeen Group plc Cuts Position in Tyson Foods, Inc. $TSN

Aberdeen Group plc trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 140,104 shares of the company’s stock after selling 13,067 shares during the period. Aberdeen Group plc’s holdings in Tyson Foods were worth $7,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. lifted its holdings in Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after buying an additional 228 shares in the last quarter. Root Financial Partners LLC bought a new stake in Tyson Foods in the third quarter valued at $28,000. NewSquare Capital LLC increased its stake in shares of Tyson Foods by 175.3% in the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after purchasing an additional 326 shares during the period. First Command Advisory Services Inc. increased its position in Tyson Foods by 389.8% in the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after acquiring an additional 460 shares during the period. Finally, MTM Investment Management LLC bought a new position in Tyson Foods in the 2nd quarter valued at about $36,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 transaction of $5,822,473.05. Following the completion of the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. This represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total value of $373,965.41. Following the transaction, the chief financial officer directly 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 SEC filing for this sale provides additional information. 2.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Argus upgraded Tyson Foods to a “hold” rating in a report on Friday, February 6th. JPMorgan Chase & Co. raised their target price on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Finally, BMO Capital Markets lifted their target price on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $64.27.

Tyson Foods Trading Down 1.0%

TSN stock opened at $63.71 on Friday. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $66.41. The business has a fifty day moving average of $61.14 and a 200-day moving average of $57.04. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The company has a market cap of $22.43 billion, a P/E ratio of 113.76, a PEG ratio of 1.42 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The business had revenue of $14.31 billion during the quarter, compared to analyst estimates of $14.11 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The company 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

About Tyson Foods

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.