Elevation Point Wealth Partners LLC Purchases 50,405 Shares of Tyson Foods, Inc. $TSN

Elevation Point Wealth Partners LLC boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 1,073.6% during the 1st quarter, HoldingsChannel reports. The firm owned 55,100 shares of the company’s stock after buying an additional 50,405 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Tyson Foods were worth $3,530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TSN. City Holding Co. purchased a new stake in shares of Tyson Foods in the 4th quarter worth $29,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of Tyson Foods by 62.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares during the period. Activest Wealth Management increased its stake in shares of Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after buying an additional 538 shares during the period. ORG Partners LLC raised its holdings in shares of Tyson Foods by 2,519.2% in the fourth quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after acquiring an additional 655 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Tyson Foods by 110.3% in the third quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock valued at $40,000 after acquiring an additional 384 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Shares of TSN stock opened at $58.89 on Friday. The business’s fifty day simple moving average is $61.54 and its 200-day simple moving average is $61.81. The company has a market cap of $20.74 billion, a PE ratio of 46.37, a PEG ratio of 1.21 and a beta of 0.40. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same quarter last year, the firm earned $0.92 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Tyson Foods, Inc. will post 4.09 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 Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Tyson Foods’s dividend payout ratio (DPR) is 160.63%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Weiss Ratings raised shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Bank of America dropped their price objective on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Sanford C. Bernstein cut their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $68.60.

About Tyson Foods

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.