Tyson Foods, Inc. $TSN Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 9.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,960 shares of the company’s stock after selling 15,070 shares during the quarter. OLD National Bancorp IN’s holdings in Tyson Foods were worth $9,736,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Tyson Foods by 306.4% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock worth $2,607,000 after purchasing an additional 36,197 shares in the last quarter. AIA Group Ltd grew its stake in shares of Tyson Foods by 78.8% in the third quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock valued at $2,780,000 after buying an additional 22,571 shares in the last quarter. Vinva Investment Management Ltd grew its stake in shares of Tyson Foods by 111.6% in the third quarter. Vinva Investment Management Ltd now owns 387,714 shares of the company’s stock valued at $21,070,000 after buying an additional 204,482 shares in the last quarter. Perbak Capital Partners LLP purchased a new stake in shares of Tyson Foods in the 3rd quarter valued at $1,255,000. Finally, Everpar Advisors LLC raised its holdings in shares of Tyson Foods by 27.2% in the 4th quarter. Everpar Advisors LLC now owns 81,243 shares of the company’s stock valued at $4,762,000 after buying an additional 17,353 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TSN. Stephens raised their target price on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Piper Sandler reiterated an “overweight” rating and set a $78.00 price target (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. JPMorgan Chase & Co. reduced their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. Finally, Mizuho began coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective for the company. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $68.20.

Tyson Foods Stock Down 0.3%

Tyson Foods stock opened at $57.63 on Friday. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $69.48. The stock’s fifty day simple moving average is $62.23 and its 200-day simple moving average is $61.82. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $20.29 billion, a P/E ratio of 45.38, a P/E/G ratio of 1.17 and a beta of 0.38.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.Tyson Foods’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. As a group, equities analysts expect that Tyson Foods, Inc. will post 4.16 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Tyson Foods’s dividend payout ratio (DPR) is currently 160.63%.

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.