Wealth Enhancement Advisory Services LLC Grows Holdings in Tyson Foods, Inc. $TSN

Wealth Enhancement Advisory Services LLC grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 39.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,769 shares of the company’s stock after purchasing an additional 29,160 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Tyson Foods were worth $5,788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans grew its stake in Tyson Foods by 55.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock worth $3,273,000 after acquiring an additional 20,888 shares during the period. Markel Group Inc. lifted its stake in shares of Tyson Foods by 4.0% during the 3rd quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock worth $46,074,000 after purchasing an additional 32,500 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Tyson Foods by 73.4% during the third quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after purchasing an additional 795,710 shares during the last quarter. Liberty One Investment Management LLC boosted its holdings in shares of Tyson Foods by 32.1% during the third quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock worth $6,179,000 after purchasing an additional 27,627 shares during the last quarter. Finally, Polaris Capital Management LLC grew its position in shares of Tyson Foods by 20.4% in the third quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock valued at $29,498,000 after purchasing an additional 91,900 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Trading Down 0.0%

Shares of TSN opened at $63.89 on Monday. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $66.41. The firm has a market capitalization of $22.49 billion, a P/E ratio of 114.09, a price-to-earnings-growth ratio of 1.40 and a beta of 0.47. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $62.79 and its 200 day simple moving average is $57.97.

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

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. Tyson Foods’s payout ratio is presently 364.29%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TSN shares. JPMorgan Chase & Co. dropped their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. BMO Capital Markets lifted their price target on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Piper Sandler upped their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Barclays increased their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Finally, Mizuho initiated coverage on shares of Tyson Foods in a research report on Thursday. They issued an “outperform” rating and a $72.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $64.75.

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.