Sei Investments Co. Sells 15,724 Shares of Tyson Foods, Inc. $TSN

Sei Investments Co. reduced its holdings in Tyson Foods, Inc. (NYSE:TSN) by 10.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,328 shares of the company’s stock after selling 15,724 shares during the quarter. Sei Investments Co.’s holdings in Tyson Foods were worth $8,670,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. City Holding Co. bought a new stake in Tyson Foods during the 4th quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC lifted its stake in Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares in the last quarter. Ascentis Independent Advisors acquired a new position in shares of Tyson Foods in the first quarter valued at approximately $30,000. Cedar Mountain Advisors LLC boosted its holdings 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 valued at $31,000 after buying an additional 364 shares during the period. Finally, Activest Wealth Management raised its holdings 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 acquiring an additional 538 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the topic of several research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. JPMorgan Chase & Co. cut their price target on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Stephens upped their price objective on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Bank of America decreased their price objective on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $70.67.

Tyson Foods Stock Down 0.1%

Shares of TSN stock opened at $57.87 on Monday. The firm’s fifty day moving average price is $58.45 and its two-hundred day moving average price is $61.87. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The firm has a market capitalization of $20.38 billion, a P/E ratio of 45.57, a PEG ratio of 1.20 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. On average, equities analysts predict that Tyson Foods, Inc. will post 4.08 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid 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 (DPR) is currently 160.63%.

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.