Elevation Point Wealth Partners LLC Raises Position in Tyson Foods, Inc. $TSN

Elevation Point Wealth Partners LLC grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 1,073.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,100 shares of the company’s stock after purchasing an additional 50,405 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Tyson Foods were worth $3,530,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. City Holding Co. purchased a new stake in Tyson Foods during the 4th quarter valued at $29,000. Cary Street Partners Investment Advisory LLC lifted its position in Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after buying an additional 198 shares during the last quarter. Activest Wealth Management boosted its stake in Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after buying an additional 538 shares during the period. ORG Partners LLC boosted its stake in Tyson Foods by 2,519.2% during the fourth quarter. ORG Partners LLC now owns 681 shares of the company’s stock worth $40,000 after buying an additional 655 shares during the period. Finally, Brown Brothers Harriman & Co. increased its position in Tyson Foods by 110.3% during the third quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock valued at $40,000 after acquiring an additional 384 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $58.89 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average is $61.54 and its two-hundred day moving average is $61.81. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a market capitalization of $20.74 billion, a PE ratio of 46.37, a price-to-earnings-growth ratio of 1.21 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. As a group, analysts expect that Tyson Foods, Inc. will post 4.09 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. Tyson Foods’s dividend payout ratio (DPR) is presently 160.63%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TSN. Sanford C. Bernstein reduced their target price on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Piper Sandler reissued an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Finally, Bank of America decreased their price objective on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.60.

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.