Kingsview Wealth Management LLC Sells 35,401 Shares of Tyson Foods, Inc. $TSN

Key Points

• Kingsview trimmed its position by 85.1%, selling 35,401 Tyson Foods shares in Q3 and leaving 6,174 shares worth about $335,000.
• Institutional investors still own roughly 67% of TSN and several large funds boosted stakes — e.g., Vanguard now holds about 36.5 million shares — indicating broad institutional backing despite Kingsview’s sale.
• Tyson missed quarterly EPS ($0.97 vs. $1.01) though revenue rose 5.1%, declared a $0.51 quarterly dividend (3.3% yield), and carries a consensus analyst rating of "Hold" with a $64.27 average price target after multiple recent price-target increases.

Kingsview Wealth Management LLC trimmed its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 85.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,174 shares of the company's stock after selling 35,401 shares during the quarter. Kingsview Wealth Management LLC's holdings in Tyson Foods were worth $335,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TSN. Vanguard Group Inc. increased its position in Tyson Foods by 1.5% during the second quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company's stock worth $2,042,085,000 after buying an additional 543,513 shares during the last quarter. State Street Corp lifted its position in shares of Tyson Foods by 3.2% in the second quarter. State Street Corp now owns 13,990,394 shares of the company's stock valued at $782,623,000 after buying an additional 439,623 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Tyson Foods by 0.9% during the 3rd quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company's stock worth $750,943,000 after acquiring an additional 120,826 shares during the period. Davis Selected Advisers increased its holdings in shares of Tyson Foods by 91.4% during the 2nd quarter. Davis Selected Advisers now owns 8,956,466 shares of the company's stock worth $501,025,000 after acquiring an additional 4,276,884 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Tyson Foods by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company's stock worth $411,571,000 after acquiring an additional 122,055 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSN has been the subject of several research reports. Piper Sandler raised their price target on Tyson Foods from $58.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, December 12th. Barclays increased their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. raised their target price on shares of Tyson Foods from $63.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 3rd. Sanford C. Bernstein reissued a "market perform" rating and issued a $69.00 price target on shares of Tyson Foods in a report on Tuesday, February 3rd. Finally, BMO Capital Markets raised their price objective on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $64.27.

Tyson Foods Trading Down 1.0%

TSN stock opened at $61.44 on Monday. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $66.41. The company has a market capitalization of $21.63 billion, a PE ratio of 109.71, a price-to-earnings-growth ratio of 1.35 and a beta of 0.47. The company's 50-day simple moving average is $62.08 and its 200 day simple moving average is $57.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business had revenue of $14.31 billion during the quarter, compared to analyst estimates of $14.11 billion. During the same quarter last year, the firm earned $1.14 EPS. Tyson Foods's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. Tyson Foods's dividend payout ratio is currently 364.29%.

About Tyson Foods

Tyson Foods, Inc NYSE: TSN is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world's largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company's product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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