Corient Private Wealth LP Sells 132,053 Shares of Tyson Foods, Inc. $TSN

Key Points

• Corient Private Wealth cut its Tyson Foods stake by 60.3% in the second quarter, selling 132,053 shares and retaining 86,892 shares valued at approximately $4.98 million.
• Analyst sentiment is mixed but leans toward caution: Tyson has an average “Hold” rating and a consensus price target of $67.89, while several firms recently lowered their targets.
• Tyson reported quarterly EPS of $0.99, matching estimates, but revenue of $13.87 billion fell short of forecasts. The company also declared a quarterly dividend of $0.51 per share, representing a 3.9% yield.

Corient Private Wealth LP lowered its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 60.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,892 shares of the company's stock after selling 132,053 shares during the quarter. Corient Private Wealth LP's holdings in Tyson Foods were worth $4,975,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TSN. Ascentis Independent Advisors bought a new stake in Tyson Foods in the 1st quarter valued at $30,000. Basecamp Wealth Advisors LLC increased its holdings in Tyson Foods by 272.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company's stock worth $30,000 after purchasing an additional 341 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in Tyson Foods by 293.5% during the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company's stock worth $31,000 after purchasing an additional 364 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Tyson Foods by 62.3% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company's stock valued at $30,000 after purchasing an additional 198 shares during the period. Finally, Archer Investment Corp bought a new stake in shares of Tyson Foods in the second quarter valued at about $31,000. Institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. HSBC reduced their price objective on Tyson Foods from $74.00 to $69.00 and set a "hold" rating for the company in a research report on Wednesday, July 29th. Weiss Ratings cut Tyson Foods from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, July 9th. Piper Sandler reduced their price target on Tyson Foods from $78.00 to $66.00 and set an "overweight" rating for the company in a research report on Thursday, September 10th. Zacks Research cut shares of Tyson Foods from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 6th. Finally, Bank of America decreased their price target on shares of Tyson Foods from $70.00 to $68.00 and set a "neutral" rating for the company in a research note on Thursday, July 2nd. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and a consensus target price of $67.89.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $52.79 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. The stock has a 50 day moving average price of $56.42 and a 200 day moving average price of $59.98. The stock has a market capitalization of $18.57 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 0.89 and a beta of 0.38. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The firm had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. The business's quarterly revenue was down .1% on a year-over-year basis. Analysts predict that Tyson Foods, Inc. will post 3.65 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.51 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.9%. Tyson Foods's payout ratio is currently 125.93%.

About Tyson Foods

Tyson Foods, Inc is a food company that produces and markets protein-based foods for retail, foodservice and industrial customers. Its principal businesses include chicken, beef, pork and prepared foods, with products ranging from fresh and frozen meats to ready-to-eat and ready-to-prepare meals.

The company sells products under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells and State Fair, as well as private-label offerings. Tyson Foods also supplies restaurants, schools, hospitals and other institutional customers, and operates processing, distribution and related food production facilities in the United States and select international markets.

Tyson Foods traces its origins to 1935, when John W.

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.