Amalgamated Bank Sells 1,064 Shares of Tyson Foods, Inc. (NYSE:TSN)

Amalgamated Bank decreased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 54,858 shares of the company’s stock after selling 1,064 shares during the period. Amalgamated Bank’s holdings in Tyson Foods were worth $3,151,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in Tyson Foods by 44.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after acquiring an additional 352,863 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after buying an additional 6,955 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Tyson Foods by 289.9% in the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock valued at $1,395,000 after acquiring an additional 18,059 shares during the period. Mizuho Securities USA LLC grew its stake in shares of Tyson Foods by 517.7% in the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock worth $8,114,000 after acquiring an additional 114,179 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in Tyson Foods during the fourth quarter worth $775,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Up 0.6 %

TSN opened at $61.35 on Friday. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 0.74 and a beta of 0.80. Tyson Foods, Inc. has a twelve month low of $52.11 and a twelve month high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The firm’s 50-day simple moving average is $57.43 and its 200-day simple moving average is $60.03.

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

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. Tyson Foods’s dividend payout ratio is 67.57%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Finally, Barclays decreased their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average target price of $61.10.

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.