Geneos Wealth Management Inc. Trims Stake in Tyson Foods, Inc. (NYSE:TSN)

Geneos Wealth Management Inc. reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,227 shares of the company’s stock after selling 1,567 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Tyson Foods were worth $3,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of TSN. Pzena Investment Management LLC raised its holdings in shares of Tyson Foods by 79.2% during the first quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock valued at $619,605,000 after purchasing an additional 4,662,332 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Tyson Foods by 153.2% in the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after acquiring an additional 2,920,479 shares in the last quarter. Norges Bank purchased a new stake in Tyson Foods during the 4th quarter valued at approximately $89,286,000. Royal London Asset Management Ltd. increased its holdings in Tyson Foods by 76.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after acquiring an additional 1,465,139 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Tyson Foods by 14,668.0% in the first quarter. Assenagon Asset Management S.A. now owns 632,366 shares of the company’s stock worth $37,139,000 after buying an additional 628,084 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSN has been the subject of several analyst reports. HSBC raised their price objective on shares of Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research note on Tuesday, May 7th. Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. The Goldman Sachs Group lifted their price objective on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 7th. Finally, Piper Sandler raised their price target on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average price target of $60.00.

Tyson Foods Trading Up 0.8 %

Shares of TSN traded up $0.45 during midday trading on Thursday, reaching $56.88. The company had a trading volume of 1,142,693 shares, compared to its average volume of 2,687,084. The firm has a 50 day simple moving average of $57.70 and a 200-day simple moving average of $56.49. The company has a quick ratio of 0.87, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. The stock has a market cap of $20.31 billion, a PE ratio of -31.94, a price-to-earnings-growth ratio of 0.40 and a beta of 0.74. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $62.04.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.23. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The company had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.16 billion. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts forecast that Tyson Foods, Inc. will post 2.6 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 annualized dividend and a yield of 3.45%. Tyson Foods’s dividend 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.