Tyson Foods, Inc. $TSN Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 61.0% in the third quarter, HoldingsChannel reports. The firm owned 74,609 shares of the company’s stock after purchasing an additional 28,274 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Tyson Foods were worth $4,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its holdings in shares of Tyson Foods by 15.6% during the first quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock valued at $1,792,000 after acquiring an additional 3,788 shares during the period. Woodline Partners LP boosted its stake in Tyson Foods by 40.8% during the 1st quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock valued at $1,543,000 after purchasing an additional 7,011 shares during the period. Focus Partners Wealth grew its position in Tyson Foods by 84.0% in the 1st quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock worth $804,000 after purchasing an additional 5,749 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Tyson Foods by 100.3% during the second quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock valued at $414,000 after buying an additional 3,702 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Tyson Foods by 2.2% during the second quarter. Fifth Third Bancorp now owns 10,556 shares of the company’s stock worth $591,000 after buying an additional 232 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

Shares of TSN opened at $65.90 on Wednesday. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $65.85. The company’s fifty day moving average is $58.36 and its 200-day moving average is $55.70. The company has a quick ratio of 0.66, a current ratio of 1.55 and a debt-to-equity ratio of 0.43. The firm has a market cap of $23.27 billion, a price-to-earnings ratio of 49.55, a price-to-earnings-growth ratio of 1.43 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, November 10th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.30. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.08 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, February 27th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s dividend payout ratio (DPR) is 153.38%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TSN. Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Piper Sandler upped their price objective on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Bank of America lowered their price objective on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Finally, BMO Capital Markets set a $67.00 target price on shares of Tyson Foods and gave the company an “outperform” rating in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $60.60.

Insider Transactions at Tyson Foods

In other news, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the transaction, the chairman directly owned 2,989,415 shares in the company, valued at $173,535,540.75. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Curt Calaway sold 6,539 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value of $373,965.41. Following the completion of the sale, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at $1,820,529.27. This represents a 17.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.11% of the stock is owned by corporate insiders.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.