Sequoia Financial Advisors LLC Makes New $403,000 Investment in Tyson Foods, Inc. (NYSE:TSN)

Sequoia Financial Advisors LLC bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 6,761 shares of the company’s stock, valued at approximately $403,000.

Several other hedge funds have also recently made changes to their positions in TSN. EverSource Wealth Advisors LLC lifted its stake in shares of Tyson Foods by 13.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after purchasing an additional 198 shares during the last quarter. Unison Advisors LLC boosted its stake in Tyson Foods by 0.8% during the second quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock worth $1,460,000 after buying an additional 214 shares during the period. Caprock Group LLC boosted its stake in Tyson Foods by 2.5% during the second quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock worth $546,000 after buying an additional 235 shares during the period. WealthTrust Asset Management LLC increased its position in Tyson Foods by 1.2% during the second quarter. WealthTrust Asset Management LLC now owns 20,363 shares of the company’s stock valued at $1,164,000 after acquiring an additional 242 shares during the last quarter. Finally, Asset Allocation Strategies LLC raised its stake in shares of Tyson Foods by 6.4% in the second quarter. Asset Allocation Strategies LLC now owns 4,268 shares of the company’s stock valued at $244,000 after acquiring an additional 257 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on TSN shares. Bank of America cut their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Citigroup cut their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Barclays upped their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets lifted their target price on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned 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 $59.22.

Tyson Foods Price Performance

TSN opened at $58.67 on Monday. The company has a market capitalization of $20.95 billion, a price-to-earnings ratio of -32.96, a PEG ratio of 0.38 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 12-month low of $45.13 and a 12-month high of $66.88. The business’s fifty day simple moving average is $61.27 and its 200-day simple moving average is $59.70.

Tyson Foods (NYSE:TSN) last issued its earnings results 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 period in the prior year, the business earned $0.15 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

Tyson Foods Company 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.