OLD National Bancorp IN Sells 34,345 Shares of Tyson Foods, Inc. $TSN

OLD National Bancorp IN lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 318,830 shares of the company’s stock after selling 34,345 shares during the period. OLD National Bancorp IN’s holdings in Tyson Foods were worth $17,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSN. DekaBank Deutsche Girozentrale increased its stake in Tyson Foods by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company’s stock worth $3,099,000 after purchasing an additional 206 shares during the period. Peddock Capital Advisors LLC lifted its holdings in Tyson Foods by 1.0% during the 2nd quarter. Peddock Capital Advisors LLC now owns 21,152 shares of the company’s stock valued at $1,183,000 after buying an additional 217 shares in the last quarter. Rossby Financial LCC grew its stake in Tyson Foods by 25.0% in the second quarter. Rossby Financial LCC now owns 1,084 shares of the company’s stock worth $61,000 after purchasing an additional 217 shares in the last quarter. Unison Advisors LLC grew its position in shares of Tyson Foods by 0.9% during the 2nd quarter. Unison Advisors LLC now owns 26,433 shares of the company’s stock worth $1,479,000 after buying an additional 224 shares in the last quarter. Finally, Everpar Advisors LLC raised its holdings in shares of Tyson Foods by 0.4% in the second quarter. Everpar Advisors LLC now owns 63,483 shares of the company’s stock valued at $3,551,000 after acquiring an additional 228 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Trading Up 0.4%

NYSE:TSN opened at $58.69 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. The firm has a fifty day simple moving average of $54.85 and a 200-day simple moving average of $54.97. The company has a market capitalization of $20.72 billion, a P/E ratio of 44.13, a PEG ratio of 1.34 and a beta of 0.47. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $64.36.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. The firm had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.08 billion. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.51 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.04 annualized dividend and a yield of 3.5%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s payout ratio is currently 153.38%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Tyson Foods from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 11th. Bank of America cut their price target on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 15th. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Piper Sandler boosted their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average price target of $61.00.

Insider Activity at Tyson Foods

In related news, Chairman John H. Tyson sold 100,301 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the sale, the chairman owned 2,989,415 shares in the company, valued at approximately $173,535,540.75. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the completion of the transaction, the chief financial officer owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This trade represents a 17.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.11% of the stock is owned by insiders.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.