Wells Fargo & Company MN Sells 12,760 Shares of Tyson Foods, Inc. (NYSE:TSN)

Wells Fargo & Company MN decreased its stake in Tyson Foods, Inc. (NYSE:TSNFree Report) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 173,286 shares of the company’s stock after selling 12,760 shares during the period. Wells Fargo & Company MN’s holdings in Tyson Foods were worth $9,314,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSN. Massmutual Trust Co. FSB ADV raised its holdings in shares of Tyson Foods by 47.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the period. Spire Wealth Management lifted its position in shares of Tyson Foods by 21.7% during the 4th quarter. Spire Wealth Management now owns 1,340 shares of the company’s stock valued at $71,000 after buying an additional 239 shares during the last quarter. Allworth Financial LP lifted its position in shares of Tyson Foods by 26.1% during the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock valued at $64,000 after buying an additional 245 shares during the last quarter. White Knight Strategic Wealth Advisors LLC grew its stake in shares of Tyson Foods by 5.2% during the 3rd quarter. White Knight Strategic Wealth Advisors LLC now owns 5,060 shares of the company’s stock worth $255,000 after acquiring an additional 250 shares during the period. Finally, Unison Advisors LLC raised its stake in Tyson Foods by 1.0% in the 4th quarter. Unison Advisors LLC now owns 24,999 shares of the company’s stock valued at $1,344,000 after acquiring an additional 250 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

TSN stock opened at $56.74 on Wednesday. The firm’s fifty day moving average is $59.35 and its 200 day moving average is $55.39. The company has a quick ratio of 0.87, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $62.04.

Tyson Foods (NYSE:TSNGet Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.39 by $0.23. The firm had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 2.56 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, August 30th. Tyson Foods’s dividend payout ratio is -110.11%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. HSBC increased their target price on shares of Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research report on Tuesday, May 7th. The Goldman Sachs Group upped their price target on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Bank of America upgraded shares of Tyson Foods from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $58.00 to $59.00 in a report on Monday, May 6th. Finally, Barclays upgraded shares of Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.22.

Check Out Our Latest Report on TSN

Tyson Foods Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.