Richard Bernstein Advisors LLC Lowers Stock Position in Tyson Foods, Inc. $TSN

Richard Bernstein Advisors LLC decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 51.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,351 shares of the company’s stock after selling 23,252 shares during the period. Richard Bernstein Advisors LLC’s holdings in Tyson Foods were worth $1,214,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TSN. Harbor Capital Advisors Inc. lifted its position in Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after acquiring an additional 228 shares in the last quarter. Root Financial Partners LLC bought a new stake in Tyson Foods during the third quarter valued at approximately $28,000. MTM Investment Management LLC purchased a new position in shares of Tyson Foods during the 2nd quarter worth $36,000. Wilmington Savings Fund Society FSB grew its holdings in Tyson Foods by 89.4% during the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock valued at $37,000 after purchasing an additional 322 shares during the period. Finally, Caldwell Trust Co bought a new position in shares of Tyson Foods during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN opened at $60.26 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The stock has a 50-day moving average of $62.16 and a two-hundred day moving average of $57.57. The stock has a market cap of $21.22 billion, a P/E ratio of 107.61, a P/E/G ratio of 1.35 and a beta of 0.47. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $66.41.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm had revenue of $14.31 billion during the quarter, compared to analyst estimates of $14.11 billion. During the same period in the prior year, the company posted $1.14 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio is 364.29%.

Analysts Set New Price Targets

TSN has been the subject of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Piper Sandler lifted 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. Barclays raised their target price on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Finally, Argus raised shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $64.27.

Tyson Foods 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.