PNC Financial Services Group Inc. Sells 1,008 Shares of Tyson Foods, Inc. (NYSE:TSN)

PNC Financial Services Group Inc. reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 47,821 shares of the company’s stock after selling 1,008 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Tyson Foods were worth $2,747,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Machina Capital S.A.S. boosted its position in shares of Tyson Foods by 31.1% in the fourth quarter. Machina Capital S.A.S. now owns 15,546 shares of the company’s stock valued at $893,000 after acquiring an additional 3,687 shares during the period. AMG National Trust Bank acquired a new stake in Tyson Foods in the 4th quarter worth about $2,844,000. West Family Investments Inc. bought a new stake in Tyson Foods in the 4th quarter valued at about $337,000. Hartford Funds Management Co LLC grew its position in shares of Tyson Foods by 4.6% during the 4th quarter. Hartford Funds Management Co LLC now owns 18,126 shares of the company’s stock worth $1,041,000 after purchasing an additional 791 shares in the last quarter. Finally, Inceptionr LLC bought a new position in shares of Tyson Foods during the fourth quarter worth approximately $2,397,000. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group began coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target on the stock. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. 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 report on Tuesday, February 4th. Barclays reduced their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, Citigroup cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.10.

Tyson Foods Trading Down 0.2 %

TSN opened at $59.87 on Friday. The company’s 50 day moving average is $58.04 and its 200-day moving average is $59.91. The company has a market cap of $21.33 billion, a P/E ratio of 20.23, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

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

Tyson Foods Announces Dividend

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 issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. Tyson Foods’s payout ratio is presently 67.57%.

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.