ING Groep NV Reduces Stock Holdings in Tyson Foods, Inc. $TSN

ING Groep NV cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 36.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,130 shares of the company’s stock after selling 25,598 shares during the period. ING Groep NV’s holdings in Tyson Foods were worth $2,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in Tyson Foods by 55.3% during the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock worth $3,273,000 after purchasing an additional 20,888 shares in the last quarter. Markel Group Inc. raised its holdings in shares of Tyson Foods by 4.0% in the 3rd quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock valued at $46,074,000 after buying an additional 32,500 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in Tyson Foods by 128.9% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 54,548 shares of the company’s stock worth $3,051,000 after acquiring an additional 30,713 shares in the last quarter. Liberty One Investment Management LLC boosted its holdings in Tyson Foods by 32.1% during the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock valued at $6,179,000 after acquiring an additional 27,627 shares during the period. Finally, Polaris Capital Management LLC grew its position in Tyson Foods by 20.4% in the 3rd quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock valued at $29,498,000 after acquiring an additional 91,900 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TSN shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Argus raised Tyson Foods to a “hold” rating in a report on Friday, February 6th. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Piper Sandler boosted their price objective on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.27.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $63.91 on Friday. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41. The company has a market cap of $22.50 billion, a PE ratio of 114.13, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The company has a 50-day simple moving average of $60.55 and a 200-day simple moving average of $56.67.

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

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

Insider Activity at Tyson Foods

In other news, Chairman John H. Tyson sold 100,301 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were 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 in the company, valued at approximately $173,535,540.75. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Curt Calaway sold 6,539 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value of $373,965.41. Following the sale, the chief financial officer owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. The trade was a 17.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.11% of the company’s stock.

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.