Tyson Foods, Inc. (NYSE:TSN) Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 10.1% in the third quarter, Holdings Channel.com reports. The fund owned 23,618 shares of the company’s stock after selling 2,643 shares during the period. NorthRock Partners LLC’s holdings in Tyson Foods were worth $1,407,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its holdings in shares of Tyson Foods by 100.7% in the first quarter. Oppenheimer & Co. Inc. now owns 10,315 shares of the company’s stock valued at $606,000 after buying an additional 5,175 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Tyson Foods by 149.2% in the 1st quarter. Cetera Advisors LLC now owns 19,083 shares of the company’s stock valued at $1,121,000 after acquiring an additional 11,425 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Tyson Foods by 21.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 251,807 shares of the company’s stock worth $14,388,000 after purchasing an additional 44,167 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Tyson Foods by 26.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,837 shares of the company’s stock valued at $519,000 after purchasing an additional 1,841 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Tyson Foods during the first quarter valued at $527,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Up 0.5 %

Shares of TSN stock traded up $0.27 during trading on Tuesday, reaching $58.59. The company’s stock had a trading volume of 157,772 shares, compared to its average volume of 2,427,049. The company has a market cap of $20.85 billion, a price-to-earnings ratio of -976.00, a price-to-earnings-growth ratio of 0.37 and a beta of 0.78. Tyson Foods, Inc. has a one year low of $45.13 and a one year high of $66.88. The business has a fifty day moving average price of $60.73 and a 200-day moving average price of $59.71. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. The business had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. Tyson Foods’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 EPS. Analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.35%. Tyson Foods’s dividend payout ratio (DPR) is presently -3,266.67%.

Analyst Upgrades and Downgrades

TSN has been the topic of several research analyst reports. Piper Sandler cut Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $57.00 to $50.00 in a research note on Wednesday, September 25th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Bank of America decreased their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Stephens began coverage on shares of Tyson Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $59.22.

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.