Wakefield Asset Management LLLP Has $398,000 Stock Holdings in Tyson Foods, Inc. $TSN

Wakefield Asset Management LLLP lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 89.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,333 shares of the company’s stock after selling 60,107 shares during the period. Wakefield Asset Management LLLP’s holdings in Tyson Foods were worth $398,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Tyson Foods by 1.5% during the second quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock valued at $2,042,085,000 after purchasing an additional 543,513 shares during the last quarter. State Street Corp raised its holdings in Tyson Foods by 3.2% in the 2nd quarter. State Street Corp now owns 13,990,394 shares of the company’s stock worth $782,623,000 after acquiring an additional 439,623 shares during the period. Pzena Investment Management LLC grew its position in shares of Tyson Foods by 0.9% in the third quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company’s stock valued at $750,943,000 after purchasing an additional 120,826 shares during the last quarter. Davis Selected Advisers increased its stake in shares of Tyson Foods by 91.4% in the second quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock worth $501,025,000 after purchasing an additional 4,276,884 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Tyson Foods by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock worth $411,571,000 after purchasing an additional 122,055 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Down 1.7%

Shares of NYSE:TSN opened at $60.26 on Wednesday. The company has a market capitalization of $21.22 billion, a PE ratio of 107.61, a P/E/G ratio of 1.35 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The company’s fifty day moving average is $62.16 and its 200-day moving average is $57.57. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $66.41.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, June 1st. Tyson Foods’s dividend payout ratio is presently 364.29%.

Wall Street Analysts Forecast Growth

TSN has been the topic of several recent analyst reports. Barclays lifted their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. BMO Capital Markets boosted their target price on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Sanford C. Bernstein reiterated a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a research note on Tuesday, February 3rd. Piper Sandler raised their price target on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Argus upgraded shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $64.27.

Tyson Foods Company 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.