Tyson Foods, Inc. $TSN Shares Sold by Lido Advisors LLC

Lido Advisors LLC cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 42.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,175 shares of the company’s stock after selling 15,768 shares during the quarter. Lido Advisors LLC’s holdings in Tyson Foods were worth $1,357,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TSN. City Holding Co. acquired a new stake in Tyson Foods during the fourth quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC raised its holdings in 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 acquiring an additional 198 shares during the last quarter. Ascentis Independent Advisors purchased a new position in shares of Tyson Foods during the 1st quarter worth $30,000. Cedar Mountain Advisors LLC lifted its stake in shares of 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 purchasing an additional 364 shares during the period. Finally, Activest Wealth Management boosted its holdings in shares of 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 purchasing an additional 538 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TSN. Piper Sandler reaffirmed an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Weiss Ratings downgraded Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Sanford C. Bernstein decreased their price target on 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. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Stephens raised their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $70.88.

Tyson Foods Stock Performance

Tyson Foods stock opened at $60.66 on Tuesday. The company has a market cap of $21.36 billion, a price-to-earnings ratio of 47.76, a price-to-earnings-growth ratio of 1.19 and a beta of 0.40. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $69.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The stock’s 50-day moving average is $58.92 and its 200-day moving average is $61.80.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts anticipate that Tyson Foods, Inc. will post 4.08 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. Tyson Foods’s dividend payout ratio (DPR) is 160.63%.

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.