WealthPlan Investment Management LLC Has $5.23 Million Stock Holdings in Tyson Foods, Inc. $TSN

WealthPlan Investment Management LLC cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 52.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,278 shares of the company’s stock after selling 100,026 shares during the period. WealthPlan Investment Management LLC’s holdings in Tyson Foods were worth $5,233,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. City Holding Co. acquired a new position in Tyson Foods during the fourth quarter valued at approximately $29,000. Root Financial Partners LLC acquired a new position in Tyson Foods during the third quarter valued at approximately $28,000. Activest Wealth Management boosted its position in Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after purchasing an additional 538 shares during the last quarter. ORG Partners LLC boosted its position in Tyson Foods by 2,519.2% during the fourth quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after purchasing an additional 655 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Tyson Foods by 89.4% during the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock valued at $37,000 after purchasing an additional 322 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

NYSE:TSN opened at $65.78 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $63.77 and its two-hundred day moving average price is $60.65. The firm has a market capitalization of $23.16 billion, a price-to-earnings ratio of 51.79, a P/E/G ratio of 1.35 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.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. On average, analysts anticipate that Tyson Foods, Inc. will post 4.1 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 annualized dividend and a yield of 3.1%. Tyson Foods’s dividend payout ratio is currently 160.63%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TSN. Mizuho began coverage on Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target for the company. Stephens increased their price target on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. reduced their price target on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Wall Street Zen raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus target price of $68.27.

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.