Tyson Foods, Inc. $TSN Stake Lessened by Lido Advisors LLC

Lido Advisors LLC trimmed its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 42.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,175 shares of the company’s stock after selling 15,768 shares during the quarter. Lido Advisors LLC’s holdings in Tyson Foods were worth $1,357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. City Holding Co. bought a new stake in Tyson Foods in the fourth quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Tyson Foods by 62.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after buying an additional 198 shares during the last quarter. Ascentis Independent Advisors bought a new position in Tyson Foods during the 1st quarter worth approximately $30,000. Cedar Mountain Advisors LLC grew its position in shares of Tyson Foods by 293.5% in the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock worth $31,000 after acquiring an additional 364 shares in the last quarter. Finally, Activest Wealth Management grew its position in shares of Tyson Foods by 3,842.9% in the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after acquiring an additional 538 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TSN shares. Stephens upped their price target on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Piper Sandler reiterated an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.88.

Tyson Foods Stock Performance

TSN stock opened at $60.66 on Tuesday. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The stock has a market capitalization of $21.36 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 1.19 and a beta of 0.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The stock’s fifty day moving average is $58.92 and its two-hundred day moving average is $61.80.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts predict that Tyson Foods, Inc. will post 4.08 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.4%. Tyson Foods’s dividend payout ratio (DPR) is presently 160.63%.

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.