Tyson Foods, Inc. $TSN Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 96.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,012 shares of the company’s stock after selling 1,513,548 shares during the quarter. Pacer Advisors Inc.’s holdings in Tyson Foods were worth $2,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TSN. Root Financial Partners LLC acquired a new stake in Tyson Foods during the 3rd quarter worth approximately $28,000. City Holding Co. acquired a new stake in Tyson Foods during the 4th quarter worth approximately $29,000. Activest Wealth Management lifted its position in Tyson Foods by 3,842.9% during the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after acquiring an additional 538 shares during the period. Wilmington Savings Fund Society FSB lifted its position in Tyson Foods by 89.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock worth $37,000 after acquiring an additional 322 shares during the period. Finally, ORG Partners LLC lifted its position in Tyson Foods by 2,519.2% during the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock worth $40,000 after acquiring an additional 655 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Tyson Foods in a research report on Monday, May 4th. Sanford C. Bernstein reissued a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a report on Tuesday, February 3rd. Barclays raised their price target on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Mizuho assumed coverage on Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target for the company. Finally, Stephens raised their price target on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and an average price target of $68.27.

Tyson Foods Stock Down 0.8%

TSN opened at $66.89 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The business has a 50 day simple moving average of $63.64 and a 200-day simple moving average of $60.51. The stock has a market capitalization of $23.55 billion, a P/E ratio of 52.67, a P/E/G ratio of 1.39 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.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. On average, equities analysts anticipate that Tyson Foods, Inc. will post 4.1 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.0%. Tyson Foods’s payout ratio 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.