Elevation Point Wealth Partners LLC Sells 5,949 Shares of Tyson Foods, Inc. (NYSE:TSN)

Elevation Point Wealth Partners LLC cut its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 10.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,682 shares of the company's stock after selling 5,949 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in Tyson Foods were worth $3,362,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TSN. EverSource Wealth Advisors LLC grew its stake in Tyson Foods by 10.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock valued at $109,000 after acquiring an additional 173 shares during the period. Syon Capital LLC grew its position in shares of Tyson Foods by 5.1% in the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company's stock valued at $205,000 after purchasing an additional 174 shares during the period. Norinchukin Bank The increased its stake in Tyson Foods by 1.7% during the 4th quarter. Norinchukin Bank The now owns 11,002 shares of the company's stock worth $632,000 after purchasing an additional 184 shares in the last quarter. Ossiam raised its holdings in Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after buying an additional 184 shares during the period. Finally, Covestor Ltd lifted its stake in Tyson Foods by 10.4% in the fourth quarter. Covestor Ltd now owns 2,113 shares of the company's stock valued at $121,000 after buying an additional 199 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Down 1.7%

NYSE TSN traded down $0.92 during trading hours on Friday, hitting $54.75. 3,090,025 shares of the company traded hands, compared to its average volume of 2,397,438. 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 business's 50-day moving average is $57.67 and its 200-day moving average is $58.74. The stock has a market capitalization of $19.50 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 0.74 and a beta of 0.60. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. The company had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. Sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.65%. Tyson Foods's dividend payout ratio (DPR) is currently 77.82%.

Wall Street Analyst Weigh In

TSN has been the topic of several research reports. Stephens cut their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Citigroup increased their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.63.

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.