Gitterman Wealth Management LLC Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Gitterman Wealth Management LLC acquired a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,757 shares of the company's stock, valued at approximately $331,000.

Several other hedge funds also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Tyson Foods by 10.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock worth $109,000 after buying an additional 173 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased 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. PNC Financial Services Group Inc. increased its holdings in shares of Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company's stock worth $2,908,000 after buying an additional 189 shares in the last quarter. Naples Global Advisors LLC increased its holdings in shares of Tyson Foods by 1.0% during the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company's stock worth $1,137,000 after buying an additional 202 shares in the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of Tyson Foods by 2.1% during the third quarter. Empirical Finance LLC now owns 9,957 shares of the company's stock worth $593,000 after buying an additional 206 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

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Wall Street Analysts Forecast Growth

TSN has been the subject of several research analyst reports. UBS Group initiated coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target for the company. Citigroup lowered their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Stephens boosted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Finally, Barclays reduced their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Tyson Foods presently has an average rating of "Hold" and a consensus target price of $61.10.

Tyson Foods Trading Down 0.6 %

TSN traded down $0.39 during trading on Thursday, reaching $60.40. 2,251,793 shares of the stock traded hands, compared to its average volume of 2,138,630. 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 market capitalization of $21.52 billion, a PE ratio of 20.41, a P/E/G ratio of 0.74 and a beta of 0.72. The stock's 50-day moving average is $58.33 and its 200 day moving average is $59.79. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates 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 business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. 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 3.31%. Tyson Foods's dividend payout ratio (DPR) is currently 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.