Tyson Foods, Inc. $TSN Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 26.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,844 shares of the company’s stock after selling 13,089 shares during the quarter. WealthPLAN Partners LLC’s holdings in Tyson Foods were worth $2,297,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC lifted its holdings in Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after acquiring an additional 1,845,200 shares during the last quarter. State Street Corp increased its stake in Tyson Foods by 0.6% during the third quarter. State Street Corp now owns 14,075,676 shares of the company’s stock worth $764,309,000 after acquiring an additional 85,282 shares during the last quarter. Davis Selected Advisers raised its position in Tyson Foods by 28.8% in the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock valued at $751,951,000 after purchasing an additional 2,865,413 shares during the period. AQR Capital Management LLC lifted its stake in shares of Tyson Foods by 20.6% in the 4th quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock valued at $475,669,000 after purchasing an additional 1,387,645 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Tyson Foods by 1.4% in the 4th quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock valued at $354,995,000 after purchasing an additional 83,861 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSN. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Bank of America lowered their target price on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Mizuho initiated coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target on the stock. Sanford C. Bernstein decreased their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday, July 2nd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $69.56.

Tyson Foods Trading Up 0.1%

Shares of TSN stock opened at $58.82 on Wednesday. The stock has a market capitalization of $20.71 billion, a P/E ratio of 46.31, a price-to-earnings-growth ratio of 1.21 and a beta of 0.40. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The company has a 50 day moving average price of $61.31 and a 200 day moving average price of $61.84.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Equities research analysts predict that Tyson Foods, Inc. will post 4.09 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.5%. Tyson Foods’s dividend payout ratio is 160.63%.

Tyson Foods 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.