Allspring Global Investments Holdings LLC Has $20.28 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 11.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,550 shares of the company’s stock after selling 44,644 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Tyson Foods were worth $20,283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in Tyson Foods by 3.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,421 shares of the company’s stock valued at $553,000 after acquiring an additional 336 shares during the period. Hodges Capital Management Inc. bought a new stake in shares of Tyson Foods in the 1st quarter valued at approximately $7,465,000. First Dallas Securities Inc. bought a new position in shares of Tyson Foods during the 1st quarter worth approximately $836,000. Foguth Wealth Management LLC. acquired a new stake in Tyson Foods in the 1st quarter valued at $533,000. Finally, LVW Advisors LLC bought a new stake in Tyson Foods in the first quarter valued at $317,000. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stephens started coverage on shares of Tyson Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Barclays lifted their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Piper Sandler downgraded Tyson Foods from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.22.

Tyson Foods Stock Performance

TSN stock opened at $59.03 on Friday. The company has a 50 day moving average price of $61.41 and a 200 day moving average price of $59.70. Tyson Foods, Inc. has a fifty-two week low of $45.08 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The stock has a market capitalization of $21.00 billion, a PE ratio of -983.83, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 earnings per share. Analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently -3,266.67%.

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.