Marietta Wealth Management LLC increased its position in Tyson Foods, Inc. (NYSE:TSN) by 8.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,699 shares of the company’s stock after buying an additional 1,870 shares during the quarter. Marietta Wealth Management LLC’s holdings in Tyson Foods were worth $1,527,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. JJJ Advisors Inc. lifted its position in Tyson Foods by 360.5% in the 4th quarter. JJJ Advisors Inc. now owns 396 shares of the company’s stock worth $26,000 after buying an additional 310 shares during the last quarter. Avion Wealth lifted its position in Tyson Foods by 73.3% in the third quarter. Avion Wealth now owns 473 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Cowa LLC bought a new stake in Tyson Foods in the fourth quarter valued at approximately $30,000. RWM Asset Management LLC bought a new stake in Tyson Foods in the fourth quarter valued at approximately $33,000. Finally, Reilly Financial Advisors LLC bought a new stake in Tyson Foods in the fourth quarter valued at approximately $46,000. Institutional investors own 63.65% of the company’s stock.
Several analysts have weighed in on TSN shares. Piper Sandler upgraded Tyson Foods from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $77.00 in a research report on Thursday, December 3rd. JPMorgan Chase & Co. downgraded Tyson Foods from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $72.00 to $70.00 in a research report on Wednesday, December 16th. Finally, Stephens upgraded Tyson Foods from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $64.00 to $80.00 in a research report on Monday, February 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $74.67.
Shares of Tyson Foods stock traded up $0.17 during midday trading on Tuesday, reaching $68.53. 14,504 shares of the company’s stock traded hands, compared to its average volume of 2,319,267. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 1.86. The company has a market cap of $24.95 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 3.58 and a beta of 0.76. The stock has a 50 day moving average of $65.56 and a 200-day moving average of $63.19. Tyson Foods, Inc. has a 12 month low of $42.57 and a 12 month high of $77.03.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Thursday, February 11th. The company reported $1.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.45. Tyson Foods had a return on equity of 13.79% and a net margin of 4.96%. During the same period in the previous year, the business earned $1.66 EPS. On average, equities analysts anticipate that Tyson Foods, Inc. will post 5.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be paid a $0.445 dividend. The ex-dividend date of this dividend is Friday, May 28th. This represents a $1.78 annualized dividend and a yield of 2.60%. Tyson Foods’s payout ratio is 31.56%.
Tyson Foods Company Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products , such as hides and meats.
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