Hartford Investment Management Co. Sells 558 Shares of Tyson Foods, Inc. (NYSE:TSN)

Hartford Investment Management Co. trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,463 shares of the company’s stock after selling 558 shares during the quarter. Hartford Investment Management Co.’s holdings in Tyson Foods were worth $1,003,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp lifted its position in Tyson Foods by 6.9% during the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after purchasing an additional 859,351 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of Tyson Foods by 0.4% during the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock valued at $747,108,000 after buying an additional 54,217 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Tyson Foods by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock worth $404,559,000 after purchasing an additional 87,054 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Tyson Foods by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock worth $140,439,000 after buying an additional 39,252 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of Tyson Foods by 6.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company’s stock worth $69,442,000 after purchasing an additional 73,764 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup lowered their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays dropped their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price target for the company. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Down 0.8 %

Shares of NYSE:TSN opened at $57.10 on Friday. The firm has a market capitalization of $20.34 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80. The business has a 50 day simple moving average of $57.66 and a two-hundred day simple moving average of $60.17. Tyson Foods, Inc. has a 1 year low of $52.01 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Insider Transactions at Tyson Foods

In related news, Director Noel W. White sold 171,057 shares of Tyson Foods stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the transaction, the director now directly owns 36,179 shares of the company’s stock, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Wes Morris sold 25,080 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $64.71, for a total transaction of $1,622,926.80. Following the completion of the transaction, the insider now directly owns 10,625 shares of the company’s stock, valued at $687,543.75. This trade represents a 70.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 381,531 shares of company stock valued at $24,341,833. 2.03% of the stock is currently owned by corporate insiders.

About Tyson Foods

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.