Weatherly Asset Management L. P. Lowers Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Weatherly Asset Management L. P. lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,268 shares of the company’s stock after selling 199 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Tyson Foods were worth $532,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. boosted its stake in Tyson Foods by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after buying an additional 172 shares during the period. Signaturefd LLC increased its position in shares of Tyson Foods by 6.9% during the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after acquiring an additional 175 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Tyson Foods by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock valued at $643,000 after purchasing an additional 184 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after buying an additional 189 shares during the period. Finally, Empirical Finance LLC raised its holdings in Tyson Foods by 2.1% in the third quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after acquiring an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.4 %

NYSE:TSN opened at $57.69 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.11. Tyson Foods, Inc. has a one year low of $51.16 and a one year high of $66.88. The business’s 50-day simple moving average is $58.14 and its 200 day simple moving average is $60.24. The stock has a market cap of $20.55 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same period in the prior year, the firm earned $0.69 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Friday, May 30th. Tyson Foods’s payout ratio is currently 67.57%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a research note on Tuesday, February 4th. Bank of America cut their price target on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, Citigroup lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $61.10.

Insider Buying and Selling at Tyson Foods

In related news, Director Noel W. White sold 171,057 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the sale, the director now directly owns 36,179 shares in the company, valued at approximately $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wes Morris sold 22,783 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the transaction, the insider now directly owns 15,937 shares in the company, valued at $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 414,814 shares of company stock valued at $26,450,955. 2.03% of the stock is owned by corporate insiders.

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.