Wedbush Securities Inc. Invests $279,000 in Tyson Foods, Inc. (NYSE:TSN)

Wedbush Securities Inc. purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,852 shares of the company's stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSN. Riverview Trust Co raised its stake in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after buying an additional 445 shares in the last quarter. Brooklyn Investment Group raised its holdings in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after purchasing an additional 570 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after acquiring an additional 229 shares during the last quarter. TCTC Holdings LLC increased its position in shares of Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after purchasing an additional 387 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Tyson Foods in the 4th quarter worth $42,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Down 0.9 %

TSN traded down $0.57 during trading hours on Tuesday, reaching $61.00. The company's stock had a trading volume of 316,966 shares, compared to its average volume of 2,315,503. The business's 50-day moving average is $60.15 and its 200-day moving average is $59.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The stock has a market cap of $21.73 billion, a PE ratio of 20.61, a P/E/G ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $0.69 earnings per share. Tyson Foods's revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 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, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. Tyson Foods's dividend payout ratio is presently 67.57%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TSN. Citigroup upped their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Barclays lowered their price target on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Finally, Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Tyson Foods presently has an average rating of "Hold" and a consensus price target of $61.00.

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.