Tyson Foods, Inc. $TSN Stock Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 17.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 56,499 shares of the company’s stock after selling 11,625 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Tyson Foods were worth $2,855,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Pzena Investment Management LLC raised its position in shares of Tyson Foods by 12.1% during the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after purchasing an additional 1,845,200 shares during the period. Bank of America Corp DE boosted its position in shares of Tyson Foods by 17.8% in the 1st quarter. Bank of America Corp DE now owns 1,610,663 shares of the company’s stock valued at $103,195,000 after purchasing an additional 243,060 shares during the period. Quantinno Capital Management LP increased its stake in Tyson Foods by 5.2% in the 1st quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock worth $82,166,000 after purchasing an additional 63,885 shares in the last quarter. Amundi increased its stake in Tyson Foods by 31.6% in the 1st quarter. Amundi now owns 1,225,806 shares of the company’s stock worth $78,537,000 after purchasing an additional 294,328 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Tyson Foods by 57.8% during the 1st quarter. Hsbc Holdings PLC now owns 930,379 shares of the company’s stock worth $59,560,000 after buying an additional 340,671 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on TSN shares. Weiss Ratings raised shares of Tyson Foods from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Barclays decreased their target price on shares of Tyson Foods from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, September 4th. Zacks Research downgraded shares of Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Sanford C. Bernstein lowered their price target on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday, July 2nd. Finally, Piper Sandler dropped their price target on shares of Tyson Foods from $66.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 7th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $66.78.

Tyson Foods Trading Down 0.6%

Shares of Tyson Foods stock opened at $56.72 on Friday. Tyson Foods, Inc. has a 12-month low of $49.96 and a 12-month high of $69.48. The stock has a market capitalization of $19.95 billion, a P/E ratio of 35.01, a price-to-earnings-growth ratio of 0.94 and a beta of 0.40. The company has a 50-day simple moving average of $53.80 and a 200 day simple moving average of $58.40. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Research analysts expect that Tyson Foods, Inc. will post 3.49 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.51 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. Tyson Foods’s dividend payout ratio is currently 125.93%.

Tyson Foods Profile

Tyson Foods, Inc is a global food company that produces and markets protein-based food products. Its operations include poultry, beef, pork and prepared foods, serving retail grocery, foodservice and industrial customers.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair. Its offerings include fresh and frozen meat, deli products, sausages, bacon, prepared meals, snacks and other convenience foods.

Founded in 1935 by John W.