The Manufacturers Life Insurance Company Sells 11,944 Shares of Tyson Foods, Inc. $TSN

The Manufacturers Life Insurance Company decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 325,258 shares of the company’s stock after selling 11,944 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.09% of Tyson Foods worth $20,839,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. City Holding Co. acquired a new position in Tyson Foods during the 4th quarter worth about $29,000. Cary Street Partners Investment Advisory LLC increased its position in Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after acquiring an additional 198 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in Tyson Foods in the 1st quarter valued at about $30,000. Cedar Mountain Advisors LLC raised its stake in shares of Tyson Foods by 293.5% in the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock worth $31,000 after acquiring an additional 364 shares during the last quarter. Finally, Activest Wealth Management lifted its position in shares of Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after purchasing an additional 538 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Piper Sandler reissued an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Weiss Ratings lowered Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. HSBC lowered their target price on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday. Sanford C. Bernstein dropped their target price on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research report on Thursday, July 2nd. Finally, Bank of America cut their price target on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average price target of $70.67.

Tyson Foods Price Performance

TSN opened at $57.87 on Friday. The company has a fifty day moving average price of $58.45 and a two-hundred day moving average price of $61.85. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The firm has a market capitalization of $20.38 billion, a PE ratio of 45.57, a P/E/G ratio of 1.20 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that Tyson Foods, Inc. will post 4.08 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is currently 160.63%.

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.