Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 18.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,379 shares of the company’s stock after selling 2,361 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Tyson Foods were worth $596,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TSN. Norges Bank acquired a new stake in Tyson Foods in the 4th quarter valued at about $175,086,000. Arrowstreet Capital Limited Partnership grew its position in shares of Tyson Foods by 83.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company’s stock valued at $69,601,000 after purchasing an additional 551,530 shares in the last quarter. Barclays PLC increased its holdings in shares of Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock valued at $66,841,000 after purchasing an additional 446,648 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after buying an additional 427,582 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Tyson Foods during the fourth quarter worth $22,059,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on TSN. Citigroup reduced their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Stephens increased their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Stock Up 1.8 %

Shares of NYSE TSN opened at $61.62 on Tuesday. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The stock has a market cap of $21.95 billion, a P/E ratio of 20.82, a PEG ratio of 0.74 and a beta of 0.62. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The business’s fifty day simple moving average is $60.15 and its 200-day simple moving average is $59.59.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

Tyson Foods Company 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.