Envestnet Asset Management Inc. Grows Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Envestnet Asset Management Inc. raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 21.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,807 shares of the company's stock after acquiring an additional 44,167 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of Tyson Foods worth $14,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. First Financial Corp IN purchased a new position in shares of Tyson Foods during the 1st quarter worth $35,000. Pittenger & Anderson Inc. bought a new stake in shares of Tyson Foods during the 1st quarter valued at $42,000. Lindbrook Capital LLC raised its position in shares of Tyson Foods by 42.0% during the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company's stock valued at $43,000 after purchasing an additional 214 shares during the period. Mather Group LLC. bought a new stake in shares of Tyson Foods during the 1st quarter valued at $49,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Tyson Foods during the 2nd quarter valued at $54,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Ratings Changes

TSN has been the topic of several recent analyst reports. StockNews.com upgraded shares of Tyson Foods from a "hold" rating to a "buy" rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a "neutral" rating in a report on Tuesday, August 6th. BMO Capital Markets lifted their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a report on Tuesday, August 6th. Piper Sandler downgraded shares of Tyson Foods from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $57.00 to $50.00 in a report on Wednesday. Finally, Bank of America reduced their price target on shares of Tyson Foods from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $60.67.

Tyson Foods Trading Down 4.2 %

Shares of TSN stock traded down $2.56 during trading hours on Wednesday, reaching $57.96. 3,449,826 shares of the stock were exchanged, compared to its average volume of 2,545,220. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $66.88. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The company's 50-day moving average price is $62.13 and its 200-day moving average price is $59.49. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of -32.56, a price-to-earnings-growth ratio of 0.42 and a beta of 0.78.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion during the quarter, compared to analysts' expectations of $13.21 billion. During the same period in the previous year, the company earned $0.15 EPS. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.38%. Tyson Foods's dividend payout ratio (DPR) is -110.11%.

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.