LPL Financial LLC Purchases 4,266 Shares of Tyson Foods, Inc. (NYSE:TSN)

LPL Financial LLC increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,966 shares of the company’s stock after acquiring an additional 4,266 shares during the period. LPL Financial LLC owned about 0.06% of Tyson Foods worth $12,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after buying an additional 859,351 shares in the last quarter. Geode Capital Management LLC increased its position in Tyson Foods by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock valued at $404,559,000 after acquiring an additional 87,054 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after acquiring an additional 427,582 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Tyson Foods by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company’s stock worth $141,115,000 after acquiring an additional 98,799 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after purchasing an additional 352,863 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Down 0.5 %

Shares of NYSE:TSN opened at $62.77 on Thursday. The company has a 50 day moving average price of $59.55 and a two-hundred day moving average price of $59.64. The company has a market capitalization of $22.36 billion, a PE ratio of 21.21, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $13.46 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.19%. Tyson Foods’s payout ratio is 67.57%.

Wall Street Analyst Weigh In

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