Wealthfront Advisers LLC Has $5.11 Million Stake in Tyson Foods, Inc. $TSN

Wealthfront Advisers LLC trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 30.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,080 shares of the company’s stock after selling 37,622 shares during the period. Wealthfront Advisers LLC’s holdings in Tyson Foods were worth $5,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Tyson Foods in the third quarter valued at approximately $28,000. City Holding Co. acquired a new stake in shares of Tyson Foods in the fourth quarter valued at approximately $29,000. Wilmington Savings Fund Society FSB raised its position in shares of Tyson Foods by 89.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock valued at $37,000 after buying an additional 322 shares in the last quarter. Caldwell Trust Co acquired a new position in Tyson Foods in the third quarter valued at about $38,000. Finally, ORG Partners LLC raised its stake in Tyson Foods by 2,519.2% in 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 in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays boosted their price target on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. dropped their price target on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Piper Sandler raised Tyson Foods from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $61.00 to $75.00 in a research note on Monday, April 6th. Mizuho started coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price objective for the company. Finally, Argus upgraded shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $66.45.

Tyson Foods Stock Up 0.9%

Shares of TSN opened at $64.15 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The company has a market cap of $22.59 billion, a P/E ratio of 114.56, a P/E/G ratio of 1.38 and a beta of 0.44. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $66.41. The firm has a 50 day simple moving average of $63.07 and a two-hundred day simple moving average of $59.65.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The company had revenue of $14.31 billion during the quarter, compared to analyst estimates of $14.11 billion. During the same quarter in the previous year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts forecast that Tyson Foods, Inc. will post 3.95 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 364.29%.

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.