Wealth Enhancement Advisory Services LLC Reduces Holdings in Tyson Foods, Inc. $TSN

Wealth Enhancement Advisory Services LLC trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 15.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 181,371 shares of the company’s stock after selling 32,639 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Tyson Foods were worth $9,796,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TSN. Norges Bank purchased a new stake in Tyson Foods in the fourth quarter valued at approximately $308,297,000. Davis Selected Advisers grew its position in shares of Tyson Foods by 28.8% during the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after buying an additional 2,865,413 shares in the last quarter. Life Cycle Investment Partners Ltd acquired a new position in Tyson Foods during the 4th quarter worth approximately $165,220,000. Pzena Investment Management LLC raised its stake in Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after buying an additional 1,845,200 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Tyson Foods by 34.4% in the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock valued at $363,852,000 after purchasing an additional 1,720,009 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TSN shares. Weiss Ratings downgraded Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Piper Sandler restated an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. JPMorgan Chase & Co. decreased their target price on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Zacks Research downgraded Tyson Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.67.

Tyson Foods Trading Down 1.0%

Shares of TSN opened at $55.87 on Thursday. The firm has a market capitalization of $19.66 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 1.21 and a beta of 0.40. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.36. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $69.48. The stock’s fifty day simple moving average is $57.78 and its 200 day simple moving average is $61.73.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. Tyson Foods’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.95 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $2.04 annualized dividend and a yield of 3.7%. Tyson Foods’s dividend payout ratio (DPR) is 125.93%.

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.