HB Wealth Management LLC Purchases 8,560 Shares of Tyson Foods, Inc. $TSN

HB Wealth Management LLC increased its position in Tyson Foods, Inc. (NYSE:TSN) by 49.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,805 shares of the company’s stock after buying an additional 8,560 shares during the period. HB Wealth Management LLC’s holdings in Tyson Foods were worth $1,653,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in shares of Tyson Foods by 10.3% in the fourth quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock valued at $98,000 after purchasing an additional 157 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Tyson Foods by 0.4% during the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock valued at $2,376,000 after purchasing an additional 159 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in Tyson Foods by 4.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock valued at $231,000 after purchasing an additional 166 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Tyson Foods by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock valued at $101,000 after purchasing an additional 179 shares during the last quarter. Finally, Matrix Trust Co grew its stake in shares of Tyson Foods by 28.8% in the 4th quarter. Matrix Trust Co now owns 818 shares of the company’s stock worth $48,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.1%

Shares of NYSE TSN opened at $58.82 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The company has a market cap of $20.71 billion, a P/E ratio of 46.31, a PEG ratio of 1.21 and a beta of 0.40. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The firm has a 50-day simple moving average of $61.31 and a two-hundred day simple moving average of $61.84.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts anticipate that Tyson Foods, Inc. will post 4.09 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is 160.63%.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of research reports. Mizuho assumed coverage on shares of Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Bank of America dropped their price target on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Finally, Weiss Ratings upgraded Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $69.56.

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.