American International Group Inc. Cuts Position in Tyson Foods, Inc. (NYSE:TSN)

American International Group Inc. reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,735 shares of the company’s stock after selling 759 shares during the quarter. American International Group Inc.’s holdings in Tyson Foods were worth $4,017,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Tyson Foods during the 3rd quarter valued at $347,000. LPL Financial LLC boosted its holdings in Tyson Foods by 1.8% in the third quarter. LPL Financial LLC now owns 261,503 shares of the company’s stock worth $13,203,000 after acquiring an additional 4,510 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Tyson Foods by 18.9% during the third quarter. Stifel Financial Corp now owns 250,378 shares of the company’s stock worth $12,642,000 after acquiring an additional 39,815 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Tyson Foods by 9.0% in the 3rd quarter. Federated Hermes Inc. now owns 12,560 shares of the company’s stock valued at $634,000 after purchasing an additional 1,032 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Tyson Foods by 2.6% in the 3rd quarter. Northern Trust Corp now owns 5,228,277 shares of the company’s stock valued at $263,976,000 after purchasing an additional 134,778 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TSN shares. StockNews.com downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Friday, May 24th. The Goldman Sachs Group boosted their price target on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. BMO Capital Markets raised their price objective on Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 7th. Citigroup upped their target price on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.22.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $56.30 on Monday. The company’s fifty day moving average price is $58.53 and its 200 day moving average price is $56.05. The company has a market capitalization of $20.10 billion, a PE ratio of -31.63, a price-to-earnings-growth ratio of 0.40 and a beta of 0.75. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $62.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.23. The firm had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. Tyson Foods’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) EPS. On average, research analysts predict that Tyson Foods, Inc. will post 2.58 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s payout ratio is -110.11%.

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.