Avantax Advisory Services Inc. Reduces Position in Tyson Foods, Inc. (NYSE:TSN)

Avantax Advisory Services Inc. lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 18.5% in the 4th quarter, Holdings Channel reports. The fund owned 50,520 shares of the company’s stock after selling 11,471 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Tyson Foods were worth $2,902,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TSN. Riverview Trust Co grew its stake in Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock valued at $26,000 after acquiring an additional 445 shares in the last quarter. Brooklyn Investment Group grew its stake in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Tyson Foods during the 3rd quarter valued at about $36,000. SRS Capital Advisors Inc. grew its stake in Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after acquiring an additional 229 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in Tyson Foods during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a report on Tuesday, February 4th. Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Citigroup decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays decreased their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Performance

Shares of TSN stock opened at $59.87 on Friday. The firm has a market cap of $21.33 billion, a P/E ratio of 20.23, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The firm’s 50 day moving average price is $58.04 and its 200-day moving average price is $59.88.

Tyson Foods (NYSE:TSN) last released its 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 firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

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 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.