Forvis Mazars Wealth Advisors LLC Sells 990 Shares of Tyson Foods, Inc. (NYSE:TSN)

Forvis Mazars Wealth Advisors LLC decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,919 shares of the company’s stock after selling 990 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Tyson Foods were worth $2,235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC boosted its stake in shares of Tyson Foods by 56.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after purchasing an additional 210 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 570 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods in the third quarter valued at approximately $36,000. ST Germain D J Co. Inc. acquired a new stake in Tyson Foods during the 4th quarter worth $42,000. Finally, Fiduciary Advisors Inc. bought a new stake in shares of Tyson Foods during the 4th quarter valued at $53,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays decreased their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, BMO Capital Markets increased their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Performance

Shares of TSN opened at $60.43 on Monday. The firm has a market cap of $21.52 billion, a P/E ratio of 20.41, a PEG ratio of 0.74 and a beta of 0.80. Tyson Foods, Inc. has a twelve month low of $52.11 and a twelve month high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The firm’s 50 day moving average price is $57.22 and its two-hundred day moving average price is $60.03.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. On average, analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. Tyson Foods’s dividend payout ratio is currently 67.57%.

Tyson Foods 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.