Advisory Services Network LLC Decreases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Advisory Services Network LLC lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 1.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 27,842 shares of the company’s stock after selling 342 shares during the quarter. Advisory Services Network LLC’s holdings in Tyson Foods were worth $1,599,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TSN. Vanguard Group Inc. increased its stake in shares of Tyson Foods by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock worth $2,051,433,000 after purchasing an additional 325,361 shares in the last quarter. Geode Capital Management LLC increased its stake in Tyson Foods by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock worth $400,712,000 after buying an additional 178,785 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after acquiring an additional 427,582 shares during the last quarter. Norges Bank purchased a new position in shares of Tyson Foods in the fourth quarter valued at approximately $175,086,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Tyson Foods by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company’s stock worth $141,115,000 after acquiring an additional 98,799 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Up 0.6 %

TSN opened at $60.49 on Friday. The business’s 50 day moving average price is $60.06 and its 200 day moving average price is $59.58. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The stock has a market capitalization of $21.55 billion, a PE ratio of 20.43, a P/E/G ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 EPS. As a group, equities research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. Tyson Foods’s dividend payout ratio is currently 67.57%.

Analyst Upgrades and Downgrades

TSN has been the subject of several recent research reports. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research note on Tuesday, February 4th. UBS Group began coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Citigroup lowered their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Stephens upped their price target on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.