Farther Finance Advisors LLC Increases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Farther Finance Advisors LLC increased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 134.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,905 shares of the company's stock after acquiring an additional 5,688 shares during the quarter. Farther Finance Advisors LLC's holdings in Tyson Foods were worth $569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. State Street Corp lifted its stake in Tyson Foods by 6.9% in the third quarter. State Street Corp now owns 13,304,869 shares of the company's stock worth $792,438,000 after acquiring an additional 859,351 shares during the period. Barclays PLC lifted its stake in Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after acquiring an additional 446,648 shares during the period. Bank of New York Mellon Corp lifted its stake 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 worth $190,454,000 after acquiring an additional 427,582 shares during the period. Raymond James Financial Inc. purchased a new stake in Tyson Foods in the fourth quarter worth $22,059,000. Finally, JPMorgan Chase & Co. lifted its stake in Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after acquiring an additional 352,863 shares during the period. Hedge funds and other institutional investors own 67.00% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TSN shares. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Stephens increased their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. UBS Group started coverage on Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective for the company. Finally, Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $61.10.

Tyson Foods Stock Up 0.5 %

Shares of NYSE:TSN traded up $0.29 on Wednesday, hitting $60.80. 1,998,511 shares of the company traded hands, 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 quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $58.22 and a 200-day simple moving average of $59.79. The company has a market cap of $21.66 billion, a PE ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same period last year, the company earned $0.69 earnings per share. The company's revenue was up 2.3% on a year-over-year basis. As a group, research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.29%. Tyson Foods's payout ratio is 67.57%.

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.