First Trust Advisors LP Has $29.86 Million Stake in Tyson Foods, Inc. (NYSE:TSN)

First Trust Advisors LP trimmed its stake in Tyson Foods, Inc. (NYSE:TSNFree Report) by 48.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 555,609 shares of the company’s stock after selling 526,076 shares during the period. First Trust Advisors LP owned 0.16% of Tyson Foods worth $29,864,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Massmutual Trust Co. FSB ADV raised its stake 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 valued at $35,000 after acquiring an additional 208 shares in the last quarter. Spire Wealth Management raised its stake in shares of Tyson Foods by 21.7% in the 4th quarter. Spire Wealth Management now owns 1,340 shares of the company’s stock valued at $71,000 after acquiring an additional 239 shares in the last quarter. Allworth Financial LP raised its stake in shares of Tyson Foods by 26.1% in the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company’s stock valued at $64,000 after acquiring an additional 245 shares in the last quarter. White Knight Strategic Wealth Advisors LLC raised its stake in shares of Tyson Foods by 5.2% in the 3rd quarter. White Knight Strategic Wealth Advisors LLC now owns 5,060 shares of the company’s stock valued at $255,000 after acquiring an additional 250 shares in the last quarter. Finally, Unison Advisors LLC raised its stake in shares of 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 in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Shares of TSN stock opened at $55.86 on Monday. The stock’s fifty day simple moving average is $59.19 and its 200 day simple moving average is $55.56. 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 one year low of $44.94 and a one year high of $62.04.

Tyson Foods (NYSE:TSNGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.39 by $0.23. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. Tyson Foods’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.58 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Friday, August 30th. Tyson Foods’s dividend payout ratio is currently -110.11%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. HSBC raised their price objective on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research note on Tuesday, May 7th. The Goldman Sachs Group lifted their price target on Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price target on Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. Piper Sandler lifted their price target on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Finally, StockNews.com downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $60.22.

Read Our Latest Stock Report on Tyson Foods

About Tyson Foods

(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.

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

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