D L Carlson Investment Group Inc. Cuts Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

D L Carlson Investment Group Inc. trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,998 shares of the company’s stock after selling 5,681 shares during the period. D L Carlson Investment Group Inc.’s holdings in Tyson Foods were worth $2,757,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSN. AIA Group Ltd grew its holdings in shares of Tyson Foods by 117.4% during the 4th quarter. AIA Group Ltd now owns 15,370 shares of the company’s stock worth $883,000 after purchasing an additional 8,299 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Tyson Foods by 467.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 86,025 shares of the company’s stock worth $4,941,000 after buying an additional 70,860 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Tyson Foods by 83.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company’s stock worth $69,601,000 after acquiring an additional 551,530 shares in the last quarter. Allstate Corp acquired a new position in shares of Tyson Foods during the 4th quarter valued at $496,000. Finally, DnB Asset Management AS boosted its position in Tyson Foods by 2.1% during the 4th quarter. DnB Asset Management AS now owns 62,904 shares of the company’s stock worth $3,613,000 after purchasing an additional 1,279 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TSN shares. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. Stephens boosted their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Barclays lowered their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $61.10.

Tyson Foods Trading Down 0.0 %

Shares of NYSE TSN opened at $62.36 on Monday. The stock has a market capitalization of $22.21 billion, a P/E ratio of 21.07, a PEG ratio of 0.74 and a beta of 0.72. The stock’s 50 day moving average price is $59.11 and its two-hundred day moving average price is $59.59. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88.

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

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 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.