Wealthfront Advisers LLC Boosts Holdings in Tyson Foods, Inc. $TSN

Wealthfront Advisers LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 23.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,702 shares of the company’s stock after acquiring an additional 23,699 shares during the quarter. Wealthfront Advisers LLC’s holdings in Tyson Foods were worth $6,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSN. Harbor Capital Advisors Inc. increased its holdings in shares of Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after purchasing an additional 228 shares in the last quarter. Root Financial Partners LLC purchased a new position in Tyson Foods in the third quarter valued at about $28,000. NewSquare Capital LLC lifted its position in shares of Tyson Foods by 175.3% during the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after acquiring an additional 326 shares during the period. First Command Advisory Services Inc. boosted its stake in shares of Tyson Foods by 389.8% during the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after acquiring an additional 460 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new stake in shares of Tyson Foods in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler lifted their price objective on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Barclays increased their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. BMO Capital Markets lifted their target price on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Finally, Argus upgraded shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $64.27.

Tyson Foods Stock Performance

Shares of TSN opened at $64.33 on Thursday. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $66.41. The company’s 50 day simple moving average is $60.27 and its 200 day simple moving average is $56.55. The company has a market capitalization of $22.65 billion, a price-to-earnings ratio of 114.88, a PEG ratio of 1.43 and a beta of 0.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The business had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. On average, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. Tyson Foods’s dividend payout ratio is currently 364.29%.

Insider Activity

In other Tyson Foods news, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value of $373,965.41. Following the transaction, the chief financial officer owned 31,833 shares in the company, valued at $1,820,529.27. This trade represents a 17.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $58.05, for a total value of $5,822,473.05. Following the completion of the transaction, the chairman directly owned 2,989,415 shares in the company, valued at $173,535,540.75. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.11% of the company’s stock.

About Tyson Foods

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.