Tyson Foods, Inc. $TSN Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 61.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,609 shares of the company’s stock after buying an additional 28,274 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Tyson Foods were worth $4,045,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale lifted its position in Tyson Foods by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company’s stock valued at $3,099,000 after purchasing an additional 206 shares during the period. Rossby Financial LCC raised its stake in shares of Tyson Foods by 25.0% during the 2nd quarter. Rossby Financial LCC now owns 1,084 shares of the company’s stock worth $61,000 after buying an additional 217 shares in the last quarter. Unison Advisors LLC lifted its holdings in shares of Tyson Foods by 0.9% in the 2nd quarter. Unison Advisors LLC now owns 26,433 shares of the company’s stock valued at $1,479,000 after buying an additional 224 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after buying an additional 228 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in Tyson Foods by 2.2% during the second quarter. Fifth Third Bancorp now owns 10,556 shares of the company’s stock worth $591,000 after acquiring an additional 232 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.2%

NYSE TSN opened at $65.90 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.55 and a debt-to-equity ratio of 0.43. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $65.85. The business has a 50 day moving average price of $58.36 and a two-hundred day moving average price of $55.70. The stock has a market cap of $23.27 billion, a PE ratio of 49.55, a P/E/G ratio of 1.43 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, November 10th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The business had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.08 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.51 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, February 27th. Tyson Foods’s dividend payout ratio is presently 153.38%.

Insider Activity at Tyson Foods

In other Tyson Foods news, CFO Curt Calaway sold 6,539 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the sale, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the transaction, the chairman directly owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on TSN shares. Bank of America reduced their target price on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Piper Sandler raised their price objective on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Finally, BMO Capital Markets set a $67.00 price target on shares of Tyson Foods and gave the company an “outperform” rating in a report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.60.

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.