WealthPLAN Partners LLC Reduces Position in Tyson Foods, Inc. $TSN

WealthPLAN Partners LLC trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 26.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,844 shares of the company’s stock after selling 13,089 shares during the quarter. WealthPLAN Partners LLC’s holdings in Tyson Foods were worth $2,297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in Tyson Foods in the fourth quarter valued at $308,297,000. Davis Selected Advisers boosted its position in shares of Tyson Foods by 28.8% during the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after acquiring an additional 2,865,413 shares in the last quarter. Life Cycle Investment Partners Ltd purchased a new position in shares of Tyson Foods in the 4th quarter valued at about $165,220,000. Pzena Investment Management LLC increased its holdings in shares of Tyson Foods by 12.1% in the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after acquiring an additional 1,845,200 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Tyson Foods by 34.4% during the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after acquiring an additional 1,720,009 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Sanford C. Bernstein reduced their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research report on Thursday, July 2nd. Bank of America lowered their target price on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Mizuho started coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 target price on the stock. Finally, Piper Sandler reiterated an “overweight” rating and set a $78.00 price target (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $69.56.

Tyson Foods Trading Up 0.1%

TSN opened at $58.82 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The business’s 50 day moving average is $61.31 and its two-hundred day moving average is $61.84. The firm has a market cap of $20.71 billion, a price-to-earnings ratio of 46.31, a price-to-earnings-growth ratio of 1.21 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. On average, research analysts predict that Tyson Foods, Inc. will post 4.09 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed 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 payout ratio is currently 160.63%.

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.