Tyson Foods, Inc. (NYSE:TSN) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 16.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 48,605 shares of the company’s stock after selling 9,438 shares during the period. PNC Financial Services Group Inc.’s holdings in Tyson Foods were worth $2,613,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Massmutual Trust Co. FSB ADV lifted its holdings in Tyson Foods by 47.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Tyson Foods by 21.7% in the fourth quarter. Spire Wealth Management now owns 1,340 shares of the company’s stock worth $71,000 after buying an additional 239 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Tyson Foods by 26.1% in the fourth quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock worth $64,000 after buying an additional 245 shares in the last quarter. White Knight Strategic Wealth Advisors LLC lifted its stake in shares of Tyson Foods by 5.2% in the third quarter. White Knight Strategic Wealth Advisors LLC now owns 5,060 shares of the company’s stock worth $255,000 after buying an additional 250 shares in the last quarter. Finally, Unison Advisors LLC lifted its stake in shares of Tyson Foods by 1.0% in the fourth quarter. Unison Advisors LLC now owns 24,999 shares of the company’s stock worth $1,344,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN opened at $56.15 on Friday. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $62.04. The stock has a market cap of $20.05 billion, a PE ratio of -31.54, a P/E/G ratio of 0.40 and a beta of 0.75. The firm has a 50-day simple moving average of $58.56 and a two-hundred day simple moving average of $55.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. The firm had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.16 billion. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) earnings per share. As a group, analysts forecast that Tyson Foods, Inc. will post 2.58 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is currently -110.11%.

Analyst Ratings Changes

TSN has been the topic of several research reports. HSBC raised their price target on shares of Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research note on Tuesday, May 7th. BMO Capital Markets lifted their target price on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 7th. The Goldman Sachs Group lifted their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Piper Sandler lifted their target price on shares of Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Tyson Foods from $58.00 to $59.00 in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average price target of $60.22.

Tyson Foods Profile

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.