Tyson Foods, Inc. (NYSE:TSN) Position Increased by WealthTrust Asset Management LLC

WealthTrust Asset Management LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,363 shares of the company’s stock after purchasing an additional 242 shares during the quarter. Tyson Foods makes up approximately 0.8% of WealthTrust Asset Management LLC’s holdings, making the stock its 26th largest position. WealthTrust Asset Management LLC’s holdings in Tyson Foods were worth $1,164,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TSN. Canada Pension Plan Investment Board grew its position in shares of Tyson Foods by 37.1% during the second quarter. Canada Pension Plan Investment Board now owns 897,615 shares of the company’s stock worth $51,290,000 after acquiring an additional 242,700 shares during the last quarter. Intech Investment Management LLC boosted its stake in Tyson Foods by 26.4% during the 2nd quarter. Intech Investment Management LLC now owns 45,691 shares of the company’s stock valued at $2,611,000 after purchasing an additional 9,542 shares during the period. Inspire Investing LLC bought a new position in Tyson Foods in the 2nd quarter worth about $798,000. XTX Topco Ltd acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $840,000. Finally, Altrius Capital Management Inc raised its holdings in shares of Tyson Foods by 1.2% during the second quarter. Altrius Capital Management Inc now owns 73,848 shares of the company’s stock valued at $4,220,000 after buying an additional 892 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Bank of America decreased their price objective on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Barclays boosted their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. BMO Capital Markets upped their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.44.

Tyson Foods Price Performance

NYSE:TSN opened at $61.66 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $61.99 and its 200 day moving average price is $59.26. Tyson Foods, Inc. has a 52-week low of $44.94 and a 52-week high of $66.88. The firm has a market cap of $21.94 billion, a P/E ratio of -34.64, a PEG ratio of 0.43 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same quarter in the previous year, the company posted $0.15 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.18%. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

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.