Whittier Trust Co. Cuts Holdings in Tyson Foods, Inc. (NYSE:TSN)

Whittier Trust Co. cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 38.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 884 shares of the company’s stock after selling 555 shares during the quarter. Whittier Trust Co.’s holdings in Tyson Foods were worth $53,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its stake in Tyson Foods by 0.5% in the first quarter. Retirement Systems of Alabama now owns 63,199 shares of the company’s stock valued at $3,712,000 after acquiring an additional 337 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Tyson Foods by 100.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock valued at $606,000 after acquiring an additional 5,175 shares during the last quarter. Cetera Advisors LLC boosted its stake in Tyson Foods by 149.2% in the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after acquiring an additional 11,425 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Tyson Foods by 21.3% in the second quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock valued at $14,388,000 after acquiring an additional 44,167 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in Tyson Foods by 26.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,837 shares of the company’s stock valued at $519,000 after acquiring an additional 1,841 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on TSN shares. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Piper Sandler lowered shares of Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $57.00 to $50.00 in a report on Wednesday, September 25th. Finally, Bank of America decreased their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $59.22.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $59.03 on Friday. The company’s fifty day moving average price is $61.41 and its 200-day moving average price is $59.70. The firm has a market capitalization of $21.00 billion, a price-to-earnings ratio of -983.83, a PEG ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a one year low of $45.08 and a one year high of $66.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same quarter in the prior year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.32%. Tyson Foods’s dividend payout ratio (DPR) is -3,266.67%.

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.