Empowered Funds LLC Raises Stock Position in Tyson Foods, Inc. $TSN

Empowered Funds LLC lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 42.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 112,953 shares of the company’s stock after buying an additional 33,895 shares during the period. Empowered Funds LLC’s holdings in Tyson Foods were worth $7,237,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. City Holding Co. acquired a new stake in Tyson Foods in the 4th quarter valued at $29,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Tyson Foods by 62.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after purchasing an additional 198 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Tyson Foods in the first quarter worth about $30,000. Cedar Mountain Advisors LLC boosted its position in shares of Tyson Foods by 293.5% in the first 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 grew its stake in shares of Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after buying an additional 538 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TSN has been the topic of several analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Piper Sandler restated an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. JPMorgan Chase & Co. lowered their price objective on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Stephens lifted their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Sanford C. Bernstein reduced their target price on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $70.67.

Tyson Foods Trading Down 4.6%

Shares of TSN opened at $57.87 on Friday. The company has a market capitalization of $20.38 billion, a P/E ratio of 45.57, a P/E/G ratio of 1.26 and a beta of 0.40. Tyson Foods, Inc. has a one year low of $50.56 and a one year 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 stock has a 50-day moving average price of $58.45 and a 200 day moving average price of $61.85.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating 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 firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same quarter last year, the firm earned $0.92 EPS. Tyson Foods’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts forecast that Tyson Foods, Inc. will post 4.08 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. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods’s dividend payout ratio (DPR) is presently 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.