Heritage Oak Wealth Advisors LLC Buys New Stake in Tyson Foods, Inc. (NYSE:TSN)

Heritage Oak Wealth Advisors LLC bought a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 94,920 shares of the company's stock, valued at approximately $5,653,000. Tyson Foods comprises about 2.6% of Heritage Oak Wealth Advisors LLC's investment portfolio, making the stock its 7th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Systems of Alabama boosted its holdings in shares of Tyson Foods by 0.5% in the first quarter. Retirement Systems of Alabama now owns 63,199 shares of the company's stock valued at $3,712,000 after acquiring an additional 337 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Tyson Foods by 100.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company's stock valued at $606,000 after acquiring an additional 5,175 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of Tyson Foods by 149.2% in the first quarter. Cetera Advisors LLC now owns 19,083 shares of the company's stock valued at $1,121,000 after acquiring an additional 11,425 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Tyson Foods by 21.3% in the second quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company's stock valued at $14,388,000 after acquiring an additional 44,167 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Tyson Foods by 26.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,837 shares of the company's stock valued at $519,000 after acquiring an additional 1,841 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Wall Street Analyst Weigh In

TSN has been the subject of several recent research reports. Piper Sandler lowered shares of Tyson Foods from a "neutral" rating to an "underweight" rating and cut their target price for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. Bank of America cut their target price on shares of Tyson Foods from $65.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. Barclays increased their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the company an "overweight" rating in a research note on Monday, September 9th. Stephens initiated coverage on shares of Tyson Foods in a research note on Thursday, October 3rd. They set an "equal weight" rating and a $57.00 target price for the company. Finally, BMO Capital Markets increased their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the company a "market perform" rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Tyson Foods currently has an average rating of "Hold" and an average price target of $59.22.

Tyson Foods Stock Down 0.6 %

TSN stock traded down $0.36 during midday trading on Friday, reaching $58.67. The company had a trading volume of 1,734,011 shares, compared to its average volume of 2,449,876. Tyson Foods, Inc. has a 1 year low of $45.13 and a 1 year 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 has a market capitalization of $20.95 billion, a P/E ratio of -33.06, a PEG ratio of 0.38 and a beta of 0.78. The company has a 50 day moving average of $61.35 and a two-hundred day moving average of $59.69.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (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 company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter in the prior year, the firm earned $0.15 EPS. The company's revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.34%. Tyson Foods's dividend payout ratio (DPR) is -110.11%.

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.