Lake Street Financial LLC Reduces Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Lake Street Financial LLC decreased its position in Tyson Foods, Inc. (NYSE:TSNGet Rating) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,770 shares of the company’s stock after selling 535 shares during the period. Lake Street Financial LLC’s holdings in Tyson Foods were worth $696,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of TSN. Bank of New Hampshire purchased a new position in Tyson Foods in the first quarter valued at approximately $27,000. Advocacy Wealth Management Services LLC lifted its stake in Tyson Foods by 34.7% in the first quarter. Advocacy Wealth Management Services LLC now owns 435 shares of the company’s stock valued at $40,000 after purchasing an additional 112 shares during the last quarter. Allworth Financial LP raised its holdings in Tyson Foods by 161.5% during the 1st quarter. Allworth Financial LP now owns 442 shares of the company’s stock valued at $40,000 after acquiring an additional 273 shares during the period. Sandy Cove Advisors LLC bought a new stake in Tyson Foods during the 1st quarter valued at $40,000. Finally, City State Bank bought a new stake in Tyson Foods during the 4th quarter valued at $56,000. Hedge funds and other institutional investors own 66.94% of the company’s stock.

Insider Transactions at Tyson Foods

In other news, EVP Amy Tu sold 3,346 shares of the stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $90.30, for a total transaction of $302,143.80. Following the completion of the sale, the executive vice president now directly owns 51,381 shares in the company, valued at $4,639,704.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.85% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Piper Sandler lowered their target price on shares of Tyson Foods from $85.00 to $79.00 and set an “underweight” rating on the stock in a report on Friday, July 1st. StockNews.com cut shares of Tyson Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, May 13th. One investment analyst has 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 data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $97.71.

Tyson Foods Stock Performance

NYSE TSN opened at $87.45 on Friday. The company has a 50-day simple moving average of $85.19 and a two-hundred day simple moving average of $89.28. The company has a quick ratio of 0.86, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. Tyson Foods, Inc. has a 12-month low of $70.50 and a 12-month high of $100.72. The firm has a market cap of $31.70 billion, a price-to-earnings ratio of 7.87 and a beta of 0.66.

Tyson Foods (NYSE:TSNGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.46. Tyson Foods had a net margin of 7.90% and a return on equity of 21.13%. The business had revenue of $13.12 billion during the quarter, compared to analyst estimates of $12.84 billion. During the same period in the prior year, the business posted $1.34 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. On average, equities analysts forecast that Tyson Foods, Inc. will post 9.04 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.10%. Tyson Foods’s dividend payout ratio is currently 16.56%.

Tyson Foods Profile

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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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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