Envestnet Asset Management Inc. Decreases Stock Holdings in Tyson Foods, Inc. $TSN

Envestnet Asset Management Inc. cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 35.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 323,445 shares of the company’s stock after selling 180,920 shares during the period. Envestnet Asset Management Inc. owned 0.09% of Tyson Foods worth $17,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TSN. Harbor Capital Advisors Inc. increased its position in shares of Tyson Foods by 93.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after purchasing an additional 228 shares during the last quarter. Root Financial Partners LLC purchased a new position in Tyson Foods during the third quarter worth $28,000. NewSquare Capital LLC increased its position in Tyson Foods by 175.3% during the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after acquiring an additional 326 shares during the last quarter. First Command Advisory Services Inc. raised its position in Tyson Foods by 389.8% in the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after purchasing an additional 460 shares during the period. Finally, MTM Investment Management LLC purchased a new stake in shares of Tyson Foods in the second quarter worth approximately $36,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

TSN opened at $63.91 on Monday. The firm has a market capitalization of $22.50 billion, a PE ratio of 114.13, a price-to-earnings-growth ratio of 1.41 and a beta of 0.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The business’s 50-day moving average is $60.55 and its two-hundred day moving average is $56.71. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $66.41.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

Insider Transactions at Tyson Foods

In other news, CFO Curt Calaway sold 6,539 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the sale, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at $1,820,529.27. The trade was a 17.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $58.05, for a total value of $5,822,473.05. Following the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. This represents a 3.25% decrease in their position. The SEC filing for this sale provides additional information. 2.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TSN shares. BMO Capital Markets upped their price objective on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Barclays lifted their target price on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Piper Sandler lifted their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.27.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.