D.A. Davidson & CO. Reduces Position in Tyson Foods, Inc. (NYSE:TSN)

D.A. Davidson & CO. decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,474 shares of the company’s stock after selling 1,736 shares during the period. D.A. Davidson & CO.’s holdings in Tyson Foods were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. Catalyst Capital Advisors LLC raised its stake in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares during the last quarter. Brooklyn Investment Group raised its position in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods during the 3rd quarter valued at approximately $36,000. ST Germain D J Co. Inc. acquired a new stake in Tyson Foods during the 4th quarter valued at approximately $42,000. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Tyson Foods in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

Tyson Foods stock opened at $60.30 on Thursday. 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 company’s fifty day moving average price is $57.31 and its 200 day moving average price is $60.02. The stock has a market capitalization of $21.48 billion, a P/E ratio of 20.37, a P/E/G ratio of 0.74 and a beta of 0.80. Tyson Foods, Inc. has a 1 year low of $52.11 and a 1 year high of $66.88.

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

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.32%. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TSN shares. BMO Capital Markets boosted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Stephens raised their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Citigroup lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.