Tyson Foods, Inc. (NYSE:TSN) Stock Holdings Lessened by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 156,504 shares of the company's stock after selling 7,892 shares during the period. Commonwealth Equity Services LLC's holdings in Tyson Foods were worth $8,990,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Riverview Trust Co grew its position in Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after buying an additional 445 shares in the last quarter. Brooklyn Investment Group grew its position in Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after buying an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Tyson Foods in the 3rd quarter valued at about $36,000. SRS Capital Advisors Inc. grew its position in Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after buying an additional 229 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in Tyson Foods in the 4th quarter valued at about $42,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Up 0.1 %

TSN stock traded up $0.04 during mid-day trading on Friday, reaching $60.46. 5,366,416 shares of the stock traded hands, compared to its average volume of 2,150,973. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The company has a market cap of $21.53 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.74 and a beta of 0.72. The stock's fifty day moving average is $58.55 and its 200-day moving average is $59.74.

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Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The business's quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is 67.57%.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of recent analyst reports. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a research report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Barclays reduced their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $61.10.

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.