Allspring Global Investments Holdings LLC Has $20.28 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Allspring Global Investments Holdings LLC lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 340,550 shares of the company’s stock after selling 44,644 shares during the period. Allspring Global Investments Holdings LLC owned about 0.10% of Tyson Foods worth $20,283,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in Tyson Foods by 13.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after purchasing an additional 198 shares during the last quarter. Unison Advisors LLC lifted its holdings in shares of Tyson Foods by 0.8% during the 2nd quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock valued at $1,460,000 after buying an additional 214 shares during the last quarter. Caprock Group LLC increased its holdings in Tyson Foods by 2.5% in the second quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock worth $546,000 after buying an additional 235 shares during the last quarter. WealthTrust Asset Management LLC raised its position in Tyson Foods by 1.2% during the second quarter. WealthTrust Asset Management LLC now owns 20,363 shares of the company’s stock valued at $1,164,000 after acquiring an additional 242 shares in the last quarter. Finally, Asset Allocation Strategies LLC lifted its stake in Tyson Foods by 6.4% in the second quarter. Asset Allocation Strategies LLC now owns 4,268 shares of the company’s stock valued at $244,000 after acquiring an additional 257 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

TSN opened at $59.03 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $61.41 and its two-hundred day moving average price is $59.70. The firm has a market capitalization of $21.00 billion, a P/E ratio of -983.83, a price-to-earnings-growth ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a 12-month low of $45.08 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. The business had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. Tyson Foods’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $0.15 earnings per share. On average, equities analysts forecast that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s payout ratio is presently -3,266.67%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Stephens began coverage on Tyson Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 target price on the stock. Barclays boosted their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Piper Sandler downgraded Tyson Foods from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. Finally, BMO Capital Markets boosted their target price on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $59.22.

Tyson Foods 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.