Investors Research Corp Sells 2,164 Shares of Tyson Foods, Inc. (NYSE:TSN)

Investors Research Corp lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 23.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,907 shares of the company’s stock after selling 2,164 shares during the period. Investors Research Corp’s holdings in Tyson Foods were worth $397,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TSN. Riverview Trust Co lifted its stake in Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares in the last quarter. Brooklyn Investment Group lifted its stake in Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Tyson Foods in the 3rd quarter worth $36,000. SRS Capital Advisors Inc. lifted its stake in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after purchasing an additional 229 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in Tyson Foods in the 4th quarter worth $42,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Tyson Foods stock opened at $61.93 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The firm has a market capitalization of $22.06 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company’s 50-day moving average is $57.84 and its 200 day moving average is $59.95.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same period in the prior year, the company posted $0.69 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is currently 67.57%.

Analyst Upgrades and Downgrades

TSN has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. Barclays decreased their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.10.

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.