AlphaMark Advisors LLC Grows Position in Tyson Foods, Inc. (NYSE:TSN)

AlphaMark Advisors LLC grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,334 shares of the company’s stock after acquiring an additional 463 shares during the quarter. AlphaMark Advisors LLC’s holdings in Tyson Foods were worth $705,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 198 shares during the period. Ridgewood Investments LLC increased its position in Tyson Foods by 0.8% during the first quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock worth $1,512,000 after purchasing an additional 199 shares during the last quarter. Lindbrook Capital LLC raised its stake in Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after purchasing an additional 214 shares during the period. Unison Advisors LLC boosted its holdings in shares of Tyson Foods by 0.8% in the 2nd quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock valued at $1,460,000 after purchasing an additional 214 shares during the last quarter. Finally, Spire Wealth Management grew its stake in shares of Tyson Foods by 21.7% during the 4th quarter. Spire Wealth Management now owns 1,340 shares of the company’s stock valued at $71,000 after buying an additional 239 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TSN. BMO Capital Markets boosted their target price on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Piper Sandler increased their price objective on shares of Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. lifted their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. The Goldman Sachs Group upped their price target on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, Barclays raised their price objective on Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $61.00.

Tyson Foods Price Performance

TSN stock traded up $0.03 during trading hours on Thursday, hitting $62.06. 2,725,825 shares of the stock traded hands, compared to its average volume of 2,587,554. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $58.33 and a 200 day simple moving average of $57.62. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $63.90. The company has a market cap of $22.16 billion, a P/E ratio of -34.87, a P/E/G ratio of 0.43 and a beta of 0.74.

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. The company had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Equities analysts forecast that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, November 29th. 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.