Corient Private Wealth LLC Raises Stake in Tyson Foods, Inc. $TSN

Corient Private Wealth LLC lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 73.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,615 shares of the company’s stock after purchasing an additional 52,078 shares during the period. Corient Private Wealth LLC’s holdings in Tyson Foods were worth $7,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. Hsbc Holdings PLC increased its holdings in Tyson Foods by 4.3% during the 4th quarter. Hsbc Holdings PLC now owns 589,708 shares of the company’s stock worth $34,613,000 after purchasing an additional 24,251 shares during the period. DGS Capital Management LLC purchased a new stake in shares of Tyson Foods in the 4th quarter worth $205,000. SG Trading Solutions LLC bought a new position in shares of Tyson Foods during the 4th quarter worth $1,271,000. Kera Capital Partners Inc. grew its position in shares of Tyson Foods by 11.0% during the 4th quarter. Kera Capital Partners Inc. now owns 14,564 shares of the company’s stock worth $854,000 after buying an additional 1,441 shares in the last quarter. Finally, TMB Capital Partners LLC bought a new stake in shares of Tyson Foods in the fourth quarter valued at about $288,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.3%

Shares of NYSE:TSN opened at $57.63 on Friday. The business’s 50-day moving average is $62.23 and its 200 day moving average is $61.82. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The firm has a market capitalization of $20.29 billion, a P/E ratio of 45.38, a P/E/G ratio of 1.17 and a beta of 0.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70.

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. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. Tyson Foods’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts predict that Tyson Foods, Inc. will post 4.16 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TSN shares. Mizuho started coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target for the company. Piper Sandler reaffirmed an “overweight” rating and set a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Weiss Ratings upgraded Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Stephens boosted their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $68.20.

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.