LPL Financial LLC Grows Stock Position in Tyson Foods, Inc. (NYSE:TSN)

LPL Financial LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,966 shares of the company's stock after purchasing an additional 4,266 shares during the period. LPL Financial LLC owned about 0.06% of Tyson Foods worth $12,003,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TSN. State Street Corp lifted its holdings in shares of Tyson Foods by 6.9% during the third quarter. State Street Corp now owns 13,304,869 shares of the company's stock worth $792,438,000 after purchasing an additional 859,351 shares during the period. Barclays PLC grew its position in shares of Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after buying an additional 446,648 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Tyson Foods by 14.8% during 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 last quarter. Raymond James Financial Inc. bought a new position in Tyson Foods during the 4th quarter worth approximately $22,059,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Tyson Foods by 44.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock valued at $67,917,000 after purchasing an additional 352,863 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TSN. Citigroup dropped their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a report on Tuesday, February 4th. Stephens raised their price target on shares of 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 shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective on the stock. Finally, HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $61.10.

Tyson Foods Stock Down 2.7 %

NYSE TSN traded down $1.62 on Monday, reaching $58.19. The company had a trading volume of 3,223,142 shares, compared to its average volume of 2,303,933. 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 market capitalization of $20.73 billion, a P/E ratio of 19.66, a P/E/G ratio of 0.74 and a beta of 0.62. The company's fifty day moving average is $59.77 and its 200 day moving average is $59.59.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly 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. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion for the quarter, compared to analysts' expectations of $13.46 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.44%. Tyson Foods's dividend payout ratio (DPR) is presently 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.