95,099 Shares in Tyson Foods, Inc. (NYSE:TSN) Acquired by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 95,099 shares of the company's stock, valued at approximately $5,434,000. Tyson Foods comprises 2.9% of New Wave Wealth Advisors LLC's portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSN. Pzena Investment Management LLC grew its position in Tyson Foods by 79.2% in the first quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company's stock valued at $619,605,000 after acquiring an additional 4,662,332 shares during the last quarter. Davis Selected Advisers acquired a new position in Tyson Foods in the second quarter valued at approximately $177,439,000. Capital Research Global Investors lifted its stake in Tyson Foods by 153.2% in the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company's stock valued at $259,456,000 after buying an additional 2,920,479 shares during the period. Royal London Asset Management Ltd. lifted its stake in Tyson Foods by 76.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company's stock valued at $181,122,000 after buying an additional 1,465,139 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Tyson Foods by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company's stock valued at $555,541,000 after buying an additional 606,518 shares during the period. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

Shares of NYSE:TSN traded up $0.20 on Tuesday, hitting $59.76. The company's stock had a trading volume of 1,852,277 shares, compared to its average volume of 2,529,394. The company has a 50-day simple moving average of $62.07 and a 200 day simple moving average of $59.61. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $66.88. The company has a market capitalization of $21.26 billion, a PE ratio of -33.57, a PEG ratio of 0.41 and a beta of 0.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. The firm had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company's revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Sell-side analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.28%. Tyson Foods's payout ratio is -110.11%.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of research reports. Barclays upped their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. StockNews.com upgraded Tyson Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, August 6th. Piper Sandler downgraded Tyson Foods from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. JPMorgan Chase & Co. increased their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Finally, Bank of America dropped their price objective on Tyson Foods from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $60.67.

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.