Providence Capital Advisors LLC Cuts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Providence Capital Advisors LLC decreased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,000 shares of the company’s stock after selling 300 shares during the quarter. Providence Capital Advisors LLC’s holdings in Tyson Foods were worth $5,974,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Riverview Trust Co boosted its stake in Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares in the last quarter. Brooklyn Investment Group raised its holdings in Tyson Foods by 2,478.3% in 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 last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Tyson Foods in the third quarter worth approximately $36,000. SRS Capital Advisors Inc. grew its holdings 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 valued at $36,000 after buying an additional 229 shares during the last quarter. Finally, TCTC Holdings LLC increased its holdings in shares of Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after purchasing an additional 387 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TSN shares. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup cut their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays lowered 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 note on Tuesday, January 21st. Finally, Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $62.39 on Friday. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The business has a 50-day moving average of $58.98 and a 200 day moving average of $59.65. 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 stock has a market capitalization of $22.22 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72.

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

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, May 30th. 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.