Savant Capital LLC Decreases Position in Tyson Foods, Inc. $TSN

Savant Capital LLC trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 65.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,979 shares of the company’s stock after selling 28,427 shares during the quarter. Savant Capital LLC’s holdings in Tyson Foods were worth $878,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. City Holding Co. purchased a new stake in Tyson Foods during the fourth quarter worth $29,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after acquiring an additional 198 shares during the last quarter. Activest Wealth Management raised its holdings in shares of Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after acquiring an additional 538 shares during the last quarter. 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 worth $40,000 after acquiring an additional 655 shares during 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 worth $40,000 after acquiring an additional 384 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $59.64 on Wednesday. The firm has a market capitalization of $21.00 billion, a PE ratio of 46.96, a P/E/G ratio of 1.23 and a beta of 0.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The business has a 50-day moving average of $64.57 and a two-hundred day moving average of $61.66. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $69.48.

Tyson Foods (NYSE:TSN) last announced 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 return on equity of 7.59% and a net margin of 0.81%.The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, research analysts forecast that Tyson Foods, Inc. will post 4.1 earnings per share for the current year.

Tyson Foods Dividend Announcement

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

Wall Street Analyst Weigh In

TSN has been the subject of a number of analyst reports. Barclays boosted their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Stephens boosted their price target on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Mizuho initiated coverage on Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target for the company. Sanford C. Bernstein reissued a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a report on Tuesday, February 3rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $80.00 target price on shares of Tyson Foods in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average price target of $68.27.

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.