Sei Investments Co. Has $8.67 Million Stock Holdings in Tyson Foods, Inc. $TSN

Sei Investments Co. trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 10.4% during the first quarter, Holdings Channel reports. The firm owned 135,328 shares of the company’s stock after selling 15,724 shares during the quarter. Sei Investments Co.’s holdings in Tyson Foods were worth $8,670,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of TSN. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Tyson Foods by 2.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 609,977 shares of the company’s stock worth $35,403,000 after acquiring an additional 14,858 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Tyson Foods by 10.7% during the 4th quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock valued at $897,502,000 after purchasing an additional 1,480,987 shares during the last quarter. OFI Invest Asset Management bought a new position in Tyson Foods during the fourth quarter worth $22,862,000. JB Capital LLC increased its holdings in shares of Tyson Foods by 24.9% in the fourth quarter. JB Capital LLC now owns 79,478 shares of the company’s stock valued at $4,659,000 after purchasing an additional 15,828 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Tyson Foods by 6.1% in the first quarter. Swiss National Bank now owns 830,700 shares of the company’s stock valued at $53,223,000 after purchasing an additional 47,900 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Down 0.1%

NYSE TSN opened at $57.87 on Monday. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48. The company has a 50 day moving average of $58.45 and a 200-day moving average of $61.87. The company has a market cap of $20.38 billion, a price-to-earnings ratio of 45.57, a PEG ratio of 1.20 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that Tyson Foods, Inc. will post 4.08 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is 160.63%.

Analyst Upgrades and Downgrades

Several analysts recently commented on TSN shares. Bank of America reduced their target price on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Piper Sandler reiterated an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. JPMorgan Chase & Co. reduced their price target on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Sanford C. Bernstein lowered their price objective on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research report on Thursday, July 2nd. Finally, Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $70.67.

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.