Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,896 shares of the company’s stock after buying an additional 173 shares during the period. EverSource Wealth Advisors LLC’s holdings in Tyson Foods were worth $109,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. State Street Corp increased its holdings in Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after acquiring an additional 859,351 shares in the last quarter. Barclays PLC increased its stake in Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after buying an additional 446,648 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after acquiring an additional 427,582 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Tyson Foods in the fourth quarter valued at approximately $22,059,000. Finally, JPMorgan Chase & Co. increased its position in shares of Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after purchasing an additional 352,863 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN opened at $60.44 on Wednesday. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The firm has a 50-day simple moving average of $58.22 and a two-hundred day simple moving average of $59.79. The stock has a market cap of $21.53 billion, a PE ratio of 20.42, a P/E/G ratio of 0.74 and a beta of 0.72. 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 posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. As a group, analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend payout ratio is presently 67.57%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TSN. UBS Group assumed coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective on the stock. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research note on Tuesday, February 4th. Stephens increased their price target on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Finally, Barclays lowered their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Profile

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.