KBC Group NV Sells 21,055 Shares of Tyson Foods, Inc. $TSN

KBC Group NV reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 43.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,297 shares of the company’s stock after selling 21,055 shares during the period. KBC Group NV’s holdings in Tyson Foods were worth $1,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSN. City Holding Co. acquired a new stake in shares of Tyson Foods in the 4th quarter valued at $29,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Tyson Foods by 62.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after buying an additional 198 shares in the last quarter. Ascentis Independent Advisors bought a new stake in shares of Tyson Foods during the 1st quarter worth $30,000. Cedar Mountain Advisors LLC lifted its position in shares of Tyson Foods by 293.5% during the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock worth $31,000 after buying an additional 364 shares during the last quarter. Finally, Activest Wealth Management boosted its stake in Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after buying an additional 538 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Stephens lifted their target price on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Piper Sandler restated an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Weiss Ratings cut shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Finally, Sanford C. Bernstein dropped their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research note on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average target price of $70.88.

Tyson Foods Price Performance

Shares of TSN opened at $57.47 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The stock has a market cap of $20.24 billion, a PE ratio of 45.25, a PEG ratio of 1.19 and a beta of 0.40. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48. The business has a 50-day simple moving average of $59.04 and a two-hundred day simple moving average of $61.73.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same period last year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts anticipate that Tyson Foods, Inc. will post 4.08 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 160.63%.

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.