Tyson Foods, Inc. $TSN Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. cut its stake in Tyson Foods, Inc. (NYSE:TSN) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,552 shares of the company’s stock after selling 27,510 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.12% of Tyson Foods worth $23,542,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Tyson Foods by 1.5% in the second quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock valued at $2,042,085,000 after buying an additional 543,513 shares in the last quarter. State Street Corp grew its position in Tyson Foods by 3.2% during the second quarter. State Street Corp now owns 13,990,394 shares of the company’s stock valued at $782,623,000 after purchasing an additional 439,623 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Tyson Foods by 0.9% during the 3rd quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company’s stock valued at $750,943,000 after acquiring an additional 120,826 shares in the last quarter. Davis Selected Advisers increased its position in Tyson Foods by 91.4% in the 2nd quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock worth $501,025,000 after purchasing an additional 4,276,884 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Tyson Foods by 1.7% during the second quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock valued at $411,571,000 after acquiring an additional 122,055 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

NYSE TSN traded down $0.05 during trading hours on Friday, reaching $60.98. 466,900 shares of the company’s stock were exchanged, compared to its average volume of 3,051,783. The firm has a fifty day moving average of $62.23 and a 200-day moving average of $57.61. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $66.41. The stock has a market cap of $21.47 billion, a PE ratio of 108.78, a price-to-earnings-growth ratio of 1.32 and a beta of 0.47. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). The business had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. On average, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.51 per share. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a yield of 3.3%. Tyson Foods’s dividend payout ratio is 364.29%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TSN shares. Argus raised Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Piper Sandler raised their price target on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 3rd. BMO Capital Markets boosted their price objective on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. raised their target price on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $64.27.

About Tyson Foods

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.