Foundry Partners LLC Trims Holdings in Tyson Foods, Inc. (NYSE:TSN)

Foundry Partners LLC decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,197 shares of the company's stock after selling 39,085 shares during the quarter. Foundry Partners LLC owned 0.06% of Tyson Foods worth $12,763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Tyson Foods by 10.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock valued at $109,000 after buying an additional 173 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Tyson Foods by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock worth $643,000 after buying an additional 184 shares in the last quarter. Naples Global Advisors LLC raised its holdings in Tyson Foods by 1.0% in the 4th quarter. Naples Global Advisors LLC now owns 19,794 shares of the company's stock valued at $1,137,000 after acquiring an additional 202 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Tyson Foods by 1.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company's stock worth $1,131,000 after purchasing an additional 210 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after buying an additional 229 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Remove Ads

Tyson Foods Stock Down 5.8 %

Tyson Foods stock traded down $3.71 during midday trading on Friday, reaching $59.85. The company's stock had a trading volume of 3,322,206 shares, compared to its average volume of 2,300,256. The business has a 50-day simple moving average of $59.77 and a 200-day simple moving average of $59.62. The company has a market cap of $21.32 billion, a P/E ratio of 20.22, a P/E/G ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two 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.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion for 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 quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. On average, research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is 67.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TSN shares. Barclays cut their price target on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Piper Sandler upgraded shares of 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. Finally, Citigroup cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and a consensus target price of $61.10.

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.