Northwestern Mutual Wealth Management Co. Cuts Holdings in Tyson Foods, Inc. (NYSE:TSN)

Northwestern Mutual Wealth Management Co. lowered its holdings in Tyson Foods, Inc. (NYSE:TSN) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,372 shares of the company’s stock after selling 5,601 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Tyson Foods were worth $2,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSN. Price T Rowe Associates Inc. MD boosted its holdings in Tyson Foods by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after purchasing an additional 128,274 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Tyson Foods by 18.4% in the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after buying an additional 1,939,508 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Tyson Foods by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after acquiring an additional 606,518 shares during the period. Royal London Asset Management Ltd. increased its position in Tyson Foods by 76.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after acquiring an additional 1,465,139 shares during the last quarter. Finally, Davis Selected Advisers bought a new position in Tyson Foods in the second quarter valued at about $177,439,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

NYSE TSN opened at $58.55 on Friday. 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, Inc. has a 1-year low of $44.94 and a 1-year high of $66.88. The business has a 50 day simple moving average of $61.97 and a two-hundred day simple moving average of $59.61. The stock has a market capitalization of $20.83 billion, a PE ratio of -32.89, a P/E/G ratio of 0.34 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same quarter in the previous year, the business posted $0.15 earnings per share. Tyson Foods’s quarterly revenue was up 1.6% on a year-over-year basis. On average, research analysts predict that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Friday, November 29th. Tyson Foods’s payout ratio is -110.11%.

Analysts Set New Price Targets

A number of research firms recently issued reports on TSN. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Bank of America cut their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Barclays upped their price objective on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Stephens assumed coverage on Tyson Foods in a research report on Thursday. They set an “equal weight” rating and a $57.00 target price on the stock. Finally, Piper Sandler cut Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $57.00 to $50.00 in a research report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Tyson Foods currently has a consensus 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.