Venturi Wealth Management LLC Has $172,000 Holdings in Tyson Foods, Inc. (NYSE:TSN)

Venturi Wealth Management LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 70.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,992 shares of the company’s stock after buying an additional 1,235 shares during the quarter. Venturi Wealth Management LLC’s holdings in Tyson Foods were worth $172,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TSN. Blue Trust Inc. increased its position in shares of Tyson Foods by 112.5% during the third quarter. Blue Trust Inc. now owns 5,063 shares of the company’s stock worth $289,000 after buying an additional 2,680 shares during the period. Raymond James & Associates increased its position in shares of Tyson Foods by 18.2% during the third quarter. Raymond James & Associates now owns 210,673 shares of the company’s stock worth $12,548,000 after buying an additional 32,507 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Tyson Foods during the third quarter worth $403,000. Signaturefd LLC increased its position in shares of Tyson Foods by 6.9% during the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after buying an additional 175 shares during the period. Finally, Greenleaf Trust increased its position in shares of Tyson Foods by 6.1% during the third quarter. Greenleaf Trust now owns 6,137 shares of the company’s stock worth $366,000 after buying an additional 354 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Up 2.2 %

Shares of NYSE TSN opened at $60.43 on Friday. The stock has a market capitalization of $21.52 billion, a P/E ratio of 20.41, a P/E/G ratio of 0.72 and a beta of 0.80. The company has a 50-day moving average price of $57.22 and a 200-day moving average price of $60.05. Tyson Foods, Inc. has a 1 year low of $52.11 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. The firm 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 business’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, May 30th. Tyson Foods’s payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays decreased their price objective 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. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. Stephens raised their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets raised their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus price target of $61.10.

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.