Private Advisor Group LLC Sells 3,919 Shares of Tyson Foods, Inc. (NYSE:TSN)

Private Advisor Group LLC cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 39.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,957 shares of the company’s stock after selling 3,919 shares during the period. Private Advisor Group LLC’s holdings in Tyson Foods were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TSN. Jessup Wealth Management Inc bought a new position in Tyson Foods in the fourth quarter valued at approximately $1,045,000. Good Life Advisors LLC acquired a new position in shares of Tyson Foods in the 4th quarter valued at $212,000. Keene & Associates Inc. boosted its position in shares of Tyson Foods by 1.8% in the 4th quarter. Keene & Associates Inc. now owns 60,123 shares of the company’s stock worth $3,453,000 after purchasing an additional 1,047 shares during the last quarter. Convergence Investment Partners LLC grew its stake in shares of Tyson Foods by 57.4% during the fourth quarter. Convergence Investment Partners LLC now owns 44,934 shares of the company’s stock worth $2,581,000 after purchasing an additional 16,383 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its holdings in Tyson Foods by 13.7% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,619 shares of the company’s stock valued at $553,000 after purchasing an additional 1,157 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $60.49 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The firm has a market cap of $21.55 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 0.74 and a beta of 0.80. The stock’s fifty day moving average price is $57.57 and its two-hundred day moving average price is $60.00. Tyson Foods, Inc. has a one year low of $53.08 and a one year high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. On average, equities analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s payout ratio is presently 67.57%.

Analyst Ratings Changes

TSN has been the subject of several analyst reports. Citigroup decreased their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Stephens increased their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus target price of $61.10.

About Tyson Foods

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.