Barclays PLC Sells 149,214 Shares of Tyson Foods, Inc. (NYSE:TSN)

Barclays PLC cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 973,071 shares of the company’s stock after selling 149,214 shares during the period. Barclays PLC owned about 0.27% of Tyson Foods worth $55,893,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Tyson Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock valued at $2,051,433,000 after purchasing an additional 325,361 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Tyson Foods by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock worth $400,712,000 after purchasing an additional 178,785 shares during the period. Bank of New York Mellon Corp raised its position in Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after purchasing an additional 427,582 shares during the period. Norges Bank purchased a new position in shares of Tyson Foods during the fourth quarter valued at approximately $175,086,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Tyson Foods by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company’s stock worth $141,115,000 after buying an additional 98,799 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.5 %

Shares of NYSE:TSN opened at $60.68 on Thursday. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $21.61 billion, a PE ratio of 20.50, a P/E/G ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The business’s fifty day simple moving average is $60.27 and its 200-day simple moving average is $59.61.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.30%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TSN shares. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research note on Tuesday, February 4th. Barclays reduced their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. UBS Group initiated coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target for the company. Finally, Stephens raised their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and an average target price of $61.00.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.