Howard Capital Management Inc. Sells 10,022 Shares of Tyson Foods, Inc. (NYSE:TSN)

Howard Capital Management Inc. lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 11.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 74,176 shares of the company’s stock after selling 10,022 shares during the quarter. Howard Capital Management Inc.’s holdings in Tyson Foods were worth $4,261,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of TSN. Brooklyn Investment Group grew its holdings in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after buying an additional 210 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods during the third quarter worth $36,000. ST Germain D J Co. Inc. bought a new stake in Tyson Foods during the fourth quarter worth $42,000. Finally, Fiduciary Advisors Inc. bought a new position in Tyson Foods in the 4th quarter valued at $53,000. Institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Piper Sandler upgraded 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. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group assumed coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Citigroup reduced their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Stephens upped their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $61.10.

Tyson Foods Stock Up 2.2 %

TSN stock opened at $60.43 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The company has a market capitalization of $21.52 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 0.74 and a beta of 0.80. Tyson Foods, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $66.88. The stock has a fifty day moving average of $57.22 and a 200-day moving average of $60.04.

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

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

Tyson Foods Company 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.