Pzena Investment Management LLC Sells 551,479 Shares of Tyson Foods, Inc. (NYSE:TSN)

Pzena Investment Management LLC lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.4% in the fourth quarter, Holdings Channel reports. The firm owned 11,992,302 shares of the company’s stock after selling 551,479 shares during the period. Tyson Foods comprises about 2.4% of Pzena Investment Management LLC’s holdings, making the stock its 19th biggest position. Pzena Investment Management LLC’s holdings in Tyson Foods were worth $688,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in TSN. Riverview Trust Co lifted its holdings in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after buying an additional 445 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Tyson Foods during the third quarter worth approximately $36,000. SRS Capital Advisors Inc. lifted its holdings in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after buying an additional 229 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Tyson Foods during the fourth quarter worth approximately $42,000. Institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup cut their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Stephens upped their target price on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. BMO Capital Markets upped their target price on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.10.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $61.93 on Tuesday. The business’s fifty day moving average price is $57.84 and its two-hundred day moving average price is $59.95. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The stock has a market capitalization of $22.06 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

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

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

About Tyson Foods

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.