AE Wealth Management LLC Sells 12,508 Shares of Tyson Foods, Inc. $TSN

AE Wealth Management LLC lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 66.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,416 shares of the company’s stock after selling 12,508 shares during the period. AE Wealth Management LLC’s holdings in Tyson Foods were worth $348,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its holdings in Tyson Foods by 93.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after buying an additional 228 shares during the period. Root Financial Partners LLC acquired a new position in shares of Tyson Foods in the third quarter worth approximately $28,000. NewSquare Capital LLC boosted its holdings in Tyson Foods by 175.3% in 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. increased its position in Tyson Foods by 389.8% during the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after purchasing an additional 460 shares during the period. Finally, MTM Investment Management LLC bought a new position in Tyson Foods during the 2nd quarter worth approximately $36,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, CFO Curt Calaway sold 6,539 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value of $373,965.41. Following the transaction, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This trade represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $58.05, for a total transaction 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. The trade was a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.11% of the company’s stock.

Analysts Set New Price Targets

TSN has been the topic of a number of analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a research note on Tuesday. Barclays upped their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday. Piper Sandler boosted their price objective on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, BMO Capital Markets raised their target price on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.27.

Tyson Foods Stock Performance

Shares of TSN opened at $65.34 on Friday. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $66.41. The company has a market cap of $23.07 billion, a PE ratio of 116.68, a P/E/G ratio of 1.44 and a beta of 0.48. The stock has a 50-day moving average of $59.82 and a 200-day moving average of $56.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 EPS. On average, equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS 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 paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is 364.29%.

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.