Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 12.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,330 shares of the company’s stock after purchasing an additional 476 shares during the period. Cornerstone Wealth Management LLC’s holdings in Tyson Foods were worth $258,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TSN. First Financial Corp IN bought a new position in Tyson Foods during the first quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new position in shares of Tyson Foods during the 1st quarter valued at about $42,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock worth $44,000 after purchasing an additional 561 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Tyson Foods in the 1st quarter worth approximately $49,000. Finally, Hantz Financial Services Inc. acquired a new stake in Tyson Foods during the second quarter valued at approximately $54,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSN has been the topic of several recent research reports. Citigroup decreased their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Piper Sandler lowered Tyson Foods from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $57.00 to $50.00 in a research report on Wednesday, September 25th. Bank of America decreased their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Stephens began coverage on Tyson Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $57.00 price target on the stock. Finally, StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average price target of $59.22.

Tyson Foods Stock Performance

Shares of TSN opened at $60.01 on Friday. The company has a market capitalization of $21.42 billion, a PE ratio of -33.71, a PEG ratio of 0.35 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The company’s 50 day moving average price is $61.54 and its 200 day moving average price is $59.69. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same period in the previous year, the company posted $0.15 EPS. Tyson Foods’s revenue was up 1.6% on a year-over-year basis. Research analysts expect that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.27%. Tyson Foods’s dividend payout ratio is -110.11%.

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.