Tyson Foods, Inc. (NYSE:TSN) Stake Cut by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 24.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 313,720 shares of the company’s stock after selling 103,529 shares during the period. Alliancebernstein L.P.’s holdings in Tyson Foods were worth $18,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its holdings in Tyson Foods by 4.2% in the third quarter. Integrated Wealth Concepts LLC now owns 21,143 shares of the company’s stock worth $1,259,000 after acquiring an additional 852 shares during the last quarter. Quantinno Capital Management LP boosted its position in Tyson Foods by 110.0% during the 3rd quarter. Quantinno Capital Management LP now owns 27,937 shares of the company’s stock valued at $1,664,000 after purchasing an additional 14,636 shares during the period. Stifel Financial Corp grew its stake in Tyson Foods by 3.9% during the 3rd quarter. Stifel Financial Corp now owns 168,768 shares of the company’s stock worth $10,052,000 after buying an additional 6,283 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Tyson Foods in the third quarter worth $427,000. Finally, Orion Portfolio Solutions LLC lifted its stake in Tyson Foods by 15.0% in the third quarter. Orion Portfolio Solutions LLC now owns 17,973 shares of the company’s stock valued at $1,070,000 after buying an additional 2,349 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

TSN opened at $58.19 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a market cap of $20.73 billion, a PE ratio of 19.66, a P/E/G ratio of 0.74 and a beta of 0.62. The business has a fifty day simple moving average of $59.77 and a 200-day simple moving average of $59.59. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88.

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

Tyson Foods Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.44%. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TSN. Citigroup dropped their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Stephens lifted their target price on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. Finally, Barclays dropped their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.10.

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.