Avantax Advisory Services Inc. Cuts Stake in Tyson Foods, Inc. (NYSE:TSN)

Avantax Advisory Services Inc. reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 18.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,520 shares of the company’s stock after selling 11,471 shares during the period. Avantax Advisory Services Inc.’s holdings in Tyson Foods were worth $2,902,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riverview Trust Co lifted its stake in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after buying an additional 445 shares during the period. Brooklyn Investment Group lifted its stake in shares of Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Tyson Foods during the third quarter worth $36,000. SRS Capital Advisors Inc. lifted its stake in shares of Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after buying an additional 229 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Tyson Foods during the fourth quarter worth $42,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TSN shares. UBS Group started coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Barclays decreased their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Trading Down 0.2 %

Shares of Tyson Foods stock opened at $59.87 on Friday. The company has a market cap of $21.33 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The firm has a 50-day simple moving average of $58.04 and a two-hundred day simple moving average of $59.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88.

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

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. Tyson Foods’s dividend payout ratio is currently 67.57%.

About Tyson Foods

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.