Principal Financial Group Inc. Cuts Stake in Tyson Foods, Inc. $TSN

Principal Financial Group Inc. cut its stake in Tyson Foods, Inc. (NYSE:TSN) by 4.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 354,960 shares of the company’s stock after selling 17,900 shares during the quarter. Principal Financial Group Inc. owned approximately 0.10% of Tyson Foods worth $19,274,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Tyson Foods by 1.5% in the second quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock worth $2,042,085,000 after acquiring an additional 543,513 shares during the last quarter. State Street Corp boosted its stake in Tyson Foods by 3.2% during the 2nd quarter. State Street Corp now owns 13,990,394 shares of the company’s stock worth $782,623,000 after purchasing an additional 439,623 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Tyson Foods by 3.4% in the second quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock valued at $766,865,000 after buying an additional 444,648 shares during the last quarter. Davis Selected Advisers raised its position in shares of Tyson Foods by 91.4% in the second quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock valued at $501,025,000 after buying an additional 4,276,884 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Tyson Foods by 1.7% in the second quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock worth $411,571,000 after buying an additional 122,055 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

TSN stock opened at $65.34 on Monday. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $66.41. 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 stock has a market cap of $23.07 billion, a price-to-earnings ratio of 116.68, a price-to-earnings-growth ratio of 1.44 and a beta of 0.48. The business has a fifty day moving average of $59.82 and a two-hundred day moving average of $56.33.

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

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. Tyson Foods’s dividend payout ratio (DPR) is presently 364.29%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a report on Tuesday, February 3rd. Piper Sandler lifted their price objective on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average target price of $64.27.

Insider Buying and Selling

In related news, Chairman John H. Tyson sold 100,301 shares of the stock in a transaction dated 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 transaction, the chairman 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value 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 approximately $1,820,529.27. This represents a 17.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.