Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,689 shares of the company’s stock after purchasing an additional 1,283 shares during the quarter. Larson Financial Group LLC’s holdings in Tyson Foods were worth $499,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Tyson Foods by 5.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,217 shares of the company’s stock valued at $251,000 after buying an additional 232 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Tyson Foods by 3.7% in the third quarter. Principal Financial Group Inc. now owns 368,743 shares of the company’s stock valued at $21,962,000 after acquiring an additional 13,066 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Tyson Foods during the third quarter worth about $1,198,000. Assetmark Inc. raised its holdings in Tyson Foods by 2.5% during the third quarter. Assetmark Inc. now owns 392,729 shares of the company’s stock worth $23,391,000 after purchasing an additional 9,526 shares in the last quarter. Finally, Atria Investments Inc lifted its position in Tyson Foods by 37.8% in the third quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock valued at $821,000 after purchasing an additional 3,782 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 1.3 %

Shares of TSN opened at $61.30 on Monday. Tyson Foods, Inc. has a 1-year low of $53.59 and a 1-year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $57.74 and a 200-day simple moving average of $59.96. The stock has a market cap of $21.84 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. Tyson Foods’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. Equities analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. Tyson Foods’s dividend payout ratio is currently 67.57%.

Analyst Ratings Changes

TSN has been the subject of several recent analyst reports. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Barclays cut their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a report on Tuesday, February 4th. Finally, UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Tyson Foods has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Company Profile

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 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, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.