Balentine LLC Acquires 3,191 Shares of Tyson Foods, Inc. (NYSE:TSN)

Balentine LLC increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 64.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,127 shares of the company’s stock after acquiring an additional 3,191 shares during the period. Balentine LLC’s holdings in Tyson Foods were worth $437,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Wellington Management Group LLP grew its position in Tyson Foods by 2.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company’s stock worth $491,224,000 after acquiring an additional 200,586 shares during the last quarter. FMR LLC grew its position in Tyson Foods by 16.1% during the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company’s stock worth $376,096,000 after acquiring an additional 1,034,915 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Tyson Foods by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock valued at $357,325,000 after buying an additional 49,540 shares during the last quarter. Pzena Investment Management LLC bought a new position in Tyson Foods in the 3rd quarter valued at $274,707,000. Finally, Northern Trust Corp boosted its position in Tyson Foods by 2.6% in the 3rd quarter. Northern Trust Corp now owns 5,228,277 shares of the company’s stock valued at $263,976,000 after buying an additional 134,778 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TSN. HSBC increased their price objective on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research report on Tuesday, May 7th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. increased their price objective on Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. Stephens restated an “overweight” rating and issued a $70.00 price target on shares of Tyson Foods in a research report on Tuesday, February 6th. Finally, Piper Sandler raised their price target on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.22.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $61.04 on Wednesday. The company has a market capitalization of $21.79 billion, a PE ratio of -34.28, a PEG ratio of 0.45 and a beta of 0.74. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $62.04. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $59.12 and its 200 day simple moving average is $54.61.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.39 by $0.23. The business had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. On average, research analysts predict that Tyson Foods, Inc. will post 2.47 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s payout ratio is presently -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.