AE Wealth Management LLC Lowers Position in Tyson Foods, Inc. $TSN

AE Wealth Management LLC trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 66.1% during the third quarter, Holdings Channel.com reports. The fund owned 6,416 shares of the company’s stock after selling 12,508 shares during the quarter. AE Wealth Management LLC’s holdings in Tyson Foods were worth $348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in shares of Tyson Foods by 55.3% in the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock valued at $3,273,000 after purchasing an additional 20,888 shares during the period. Markel Group Inc. grew its stake in Tyson Foods by 4.0% in the 3rd quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock valued at $46,074,000 after buying an additional 32,500 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in Tyson Foods by 128.9% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 54,548 shares of the company’s stock valued at $3,051,000 after acquiring an additional 30,713 shares during the period. Liberty One Investment Management LLC lifted its position 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 acquiring an additional 27,627 shares in the last quarter. Finally, Polaris Capital Management LLC boosted its holdings 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 worth $29,498,000 after acquiring an additional 91,900 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on TSN shares. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday. BMO Capital Markets upped their target price on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Piper Sandler raised their price target 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. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.27.

Tyson Foods Stock Up 0.2%

TSN stock opened at $65.34 on Friday. The company’s 50 day moving average is $59.82 and its 200 day moving average is $56.31. The stock has a market cap of $23.07 billion, a price-to-earnings ratio of 116.68, a price-to-earnings-growth ratio of 1.44 and a beta of 0.48. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. 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 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The company had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.Tyson Foods’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. Sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.51 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a yield of 3.1%. Tyson Foods’s payout ratio is 364.29%.

Insider Transactions at Tyson Foods

In other Tyson Foods news, Chairman John H. Tyson sold 100,301 shares of the firm’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 owned 2,989,415 shares in the company, valued at $173,535,540.75. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total value of $373,965.41. Following the completion of the transaction, the chief financial officer 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 SEC filing for this sale provides additional information. Company insiders own 2.11% of the company’s stock.

Tyson Foods Company Profile

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.