Atria Wealth Solutions Inc. Invests $786,000 in Tyson Foods, Inc. (NYSE:TSN)

Atria Wealth Solutions Inc. purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,324 shares of the company's stock, valued at approximately $786,000.

Several other institutional investors have also modified their holdings of TSN. Wells Fargo & Company MN raised its holdings in shares of Tyson Foods by 2.6% during the 4th quarter. Wells Fargo & Company MN now owns 143,872 shares of the company's stock worth $8,264,000 after acquiring an additional 3,598 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Tyson Foods by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 271,452 shares of the company's stock worth $15,592,000 after acquiring an additional 1,483 shares during the period. Federated Hermes Inc. raised its holdings in Tyson Foods by 482.3% in the 4th quarter. Federated Hermes Inc. now owns 5,590 shares of the company's stock valued at $321,000 after buying an additional 4,630 shares during the period. Cerity Partners LLC raised its holdings in Tyson Foods by 8.1% in the 4th quarter. Cerity Partners LLC now owns 21,033 shares of the company's stock valued at $1,221,000 after buying an additional 1,584 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Tyson Foods in the 4th quarter valued at about $22,059,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stephens reduced their price objective on shares of Tyson Foods from $61.00 to $55.00 in a report on Tuesday, July 15th. Bernstein Bank lowered shares of Tyson Foods to a "market perform" rating and cut their price target for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Citigroup boosted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Finally, JP Morgan Cazenove cut their price target on shares of Tyson Foods from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Monday, July 7th. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Tyson Foods has a consensus rating of "Hold" and a consensus price target of $61.33.

Tyson Foods Stock Down 0.4%

TSN stock opened at $56.44 on Wednesday. The company's 50 day moving average price is $54.91 and its 200 day moving average price is $57.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. Tyson Foods, Inc. has a fifty-two week low of $51.85 and a fifty-two week high of $66.88. The firm has a market capitalization of $20.08 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 0.78 and a beta of 0.59.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. The firm had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.54 billion. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 earnings per share. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, December 1st. Tyson Foods's dividend payout ratio is presently 90.91%.

Tyson Foods announced that its board has authorized a stock buyback plan on Thursday, August 7th that permits the company to repurchase 43,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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.

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