Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 37.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,500 shares of the company's stock after selling 30,523 shares during the quarter. Corient Private Wealth LLC's holdings in Tyson Foods were worth $2,958,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TSN. Riverview Trust Co boosted its holdings in shares of Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after acquiring an additional 445 shares during the last quarter. Brooklyn Investment Group grew its holdings in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after purchasing an additional 570 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods during the 3rd quarter worth approximately $36,000. SRS Capital Advisors Inc. raised its position in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after purchasing an additional 229 shares during the period. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of Tyson Foods during the fourth quarter worth about $42,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

TSN stock traded up $1.63 on Wednesday, hitting $61.58. The company's stock had a trading volume of 1,790,571 shares, compared to its average volume of 2,149,776. The firm has a 50 day moving average of $58.74 and a two-hundred day moving average of $59.62. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72.

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Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results 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 return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter last year, the company earned $0.69 earnings per share. Tyson Foods's quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.25%. Tyson Foods's payout ratio is 67.57%.

Analysts Set New Price Targets

TSN has been the topic of a number of research reports. Citigroup reduced 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. Stephens increased their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a report on Tuesday, February 4th. Finally, Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Tyson Foods has a consensus rating of "Hold" and an average target price 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.