Pacer Advisors Inc. Sells 20,732 Shares of Tyson Foods, Inc. $TSN

Pacer Advisors Inc. decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 43.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,280 shares of the company’s stock after selling 20,732 shares during the quarter. Pacer Advisors Inc.’s holdings in Tyson Foods were worth $1,748,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TSN. City Holding Co. acquired a new stake in Tyson Foods in the fourth quarter worth $29,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares during the period. Ascentis Independent Advisors bought a new stake in shares of Tyson Foods in the 1st quarter valued at $30,000. Cedar Mountain Advisors LLC raised its stake in Tyson Foods by 293.5% during the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock worth $31,000 after buying an additional 364 shares during the period. Finally, Activest Wealth Management lifted its holdings in Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after acquiring an additional 538 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 1.0%

NYSE TSN opened at $57.98 on Friday. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.70 and a current ratio of 1.43. The stock’s 50 day moving average price is $57.92 and its two-hundred day moving average price is $61.80. The stock has a market capitalization of $20.42 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.24 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The company had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $14.07 billion. During the same period last year, the business earned $0.91 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. As a group, analysts anticipate that Tyson Foods, Inc. will post 3.95 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 annualized dividend and a yield of 3.5%. Tyson Foods’s payout ratio is 125.93%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TSN. Zacks Research cut Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday. Piper Sandler reiterated an “overweight” rating and set a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. HSBC decreased their price objective on Tyson Foods from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, Sanford C. Bernstein cut their price target on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $70.67.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.