B. Riley Wealth Advisors Inc. Grows Stock Position in Tyson Foods, Inc. (NYSE:TSN)

B. Riley Wealth Advisors Inc. grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 47.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,317 shares of the company’s stock after purchasing an additional 2,341 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Tyson Foods were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSN. Massmutual Trust Co. FSB ADV increased its holdings in Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in Tyson Foods in the 4th quarter worth approximately $40,000. Headinvest LLC purchased a new stake in Tyson Foods in the 3rd quarter worth approximately $43,000. Neo Ivy Capital Management purchased a new stake in Tyson Foods in the 3rd quarter worth approximately $61,000. Finally, Allworth Financial LP increased its holdings in Tyson Foods by 26.1% in the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock worth $64,000 after acquiring an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. The Goldman Sachs Group upped their price target on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Citigroup upped their price target on Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $53.00 to $69.00 in a research note on Tuesday, April 16th. Finally, Piper Sandler upped their price target on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.22.

Tyson Foods Stock Up 2.4 %

NYSE TSN opened at $57.65 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77. The company has a market capitalization of $20.58 billion, a P/E ratio of -32.39, a P/E/G ratio of 0.40 and a beta of 0.75. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $62.04. The stock has a 50 day moving average price of $58.53 and a 200-day moving average price of $56.09.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS. As a group, equities analysts predict that Tyson Foods, Inc. will post 2.58 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 dividend on an annualized basis and a yield of 3.40%. Tyson Foods’s dividend payout ratio is presently -110.11%.

Tyson Foods Company 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.