Mayflower Financial Advisors LLC lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,520 shares of the company’s stock after acquiring an additional 724 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Tyson Foods were worth $819,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Ritholtz Wealth Management boosted its stake in Tyson Foods by 7.0% during the 2nd quarter. Ritholtz Wealth Management now owns 19,266 shares of the company’s stock valued at $1,658,000 after purchasing an additional 1,255 shares during the period. IFM Investors Pty Ltd boosted its stake in Tyson Foods by 9.2% during the 2nd quarter. IFM Investors Pty Ltd now owns 49,898 shares of the company’s stock valued at $4,294,000 after purchasing an additional 4,197 shares during the period. Krilogy Financial LLC boosted its stake in Tyson Foods by 5.0% during the 2nd quarter. Krilogy Financial LLC now owns 2,924 shares of the company’s stock valued at $252,000 after purchasing an additional 138 shares during the period. Parkside Financial Bank & Trust boosted its stake in Tyson Foods by 141.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,075 shares of the company’s stock valued at $178,000 after purchasing an additional 1,215 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Tyson Foods by 55.4% during the 2nd quarter. Private Advisor Group LLC now owns 17,029 shares of the company’s stock valued at $1,465,000 after purchasing an additional 6,074 shares during the period. Institutional investors own 68.55% of the company’s stock.
Tyson Foods Trading Down 1.5 %
TSN traded down $1.07 during mid-day trading on Friday, reaching $69.94. The stock had a trading volume of 1,848,005 shares, compared to its average volume of 2,248,268. The stock has a market capitalization of $25.15 billion, a P/E ratio of 6.38 and a beta of 0.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.85 and a current ratio of 1.99. The firm’s fifty day simple moving average is $79.42 and its two-hundred day simple moving average is $85.45. Tyson Foods, Inc. has a 52 week low of $68.99 and a 52 week high of $100.72.
Tyson Foods Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.63%. Tyson Foods’s dividend payout ratio is currently 16.53%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Argus downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $79.00 price target for the company in a report on Tuesday, August 9th. They noted that the move was a valuation call. Barclays cut their price target on Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday, August 9th. Stephens cut their price target on Tyson Foods from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Finally, BMO Capital Markets dropped their target price on Tyson Foods from $99.00 to $90.00 in a report on Tuesday, August 9th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $93.13.
About Tyson Foods
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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