Tyson Foods, Inc. $TSN Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 73.8% in the 4th quarter, Holdings Channel reports. The fund owned 122,615 shares of the company’s stock after buying an additional 52,078 shares during the period. Corient Private Wealth LLC’s holdings in Tyson Foods were worth $7,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. City Holding Co. acquired a new position in Tyson Foods in the 4th quarter worth about $29,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares in the last quarter. Activest Wealth Management raised its stake in shares of Tyson Foods by 3,842.9% during the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after buying an additional 538 shares during the period. ORG Partners LLC raised its stake in shares of Tyson Foods by 2,519.2% during the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock worth $40,000 after buying an additional 655 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Tyson Foods by 110.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock valued at $40,000 after buying an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TSN. Piper Sandler reissued an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Stephens increased their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Finally, Mizuho started coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $68.20.

Tyson Foods Trading Down 0.3%

TSN opened at $57.63 on Friday. The firm has a market capitalization of $20.29 billion, a price-to-earnings ratio of 45.38, a price-to-earnings-growth ratio of 1.17 and a beta of 0.38. The company’s 50 day simple moving average is $62.23 and its two-hundred day simple moving average is $61.82. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same period last year, the company earned $0.92 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Tyson Foods, Inc. will post 4.16 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 160.63%.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.