Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 37.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,500 shares of the company’s stock after selling 30,523 shares during the period. Corient Private Wealth LLC’s holdings in Tyson Foods were worth $2,958,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Gitterman Wealth Management LLC acquired a new stake in Tyson Foods in the 4th quarter worth about $331,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Tyson Foods by 14.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company’s stock worth $693,000 after purchasing an additional 1,532 shares during the last quarter. Globeflex Capital L P acquired a new position in shares of Tyson Foods during the 4th quarter worth approximately $137,000. Natixis Advisors LLC boosted its holdings in shares of Tyson Foods by 14.4% during the 4th quarter. Natixis Advisors LLC now owns 246,640 shares of the company’s stock worth $14,167,000 after purchasing an additional 30,989 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Tyson Foods by 101.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 118,947 shares of the company’s stock worth $6,797,000 after purchasing an additional 59,942 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Up 0.1 %

TSN opened at $60.46 on Friday. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The firm has a market cap of $21.53 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.74 and a beta of 0.72. The business has a fifty day simple moving average of $58.55 and a 200-day simple moving average of $59.74. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, equities analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analyst Weigh In

TSN has been the topic of several recent research reports. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. UBS Group assumed coverage on Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. Stephens upped their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods 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 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, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.