Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. reduced its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,520 shares of the company's stock after selling 11,471 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Tyson Foods were worth $2,902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company's stock valued at $792,438,000 after buying an additional 859,351 shares during the last quarter. Pzena Investment Management LLC increased its holdings in Tyson Foods by 0.4% in the third quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company's stock valued at $747,108,000 after buying an additional 54,217 shares during the last quarter. Geode Capital Management LLC increased its holdings in Tyson Foods by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company's stock valued at $404,559,000 after buying an additional 87,054 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after buying an additional 427,582 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Tyson Foods by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company's stock valued at $141,115,000 after buying an additional 98,799 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several equities analysts have recently commented on TSN shares. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Citigroup lowered their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Barclays lowered their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Tyson Foods presently has an average rating of "Hold" and a consensus target price of $61.10.

Tyson Foods Stock Performance

TSN stock traded up $0.29 on Wednesday, reaching $60.80. The company's stock had a trading volume of 1,998,511 shares, compared to its average volume of 2,507,493. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a market capitalization of $21.66 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The firm has a fifty day moving average of $58.22 and a two-hundred day moving average of $59.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

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

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.29%. Tyson Foods's dividend payout ratio (DPR) is 67.57%.

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.