New Wave Wealth Advisors LLC Has $6.03 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

New Wave Wealth Advisors LLC grew its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 94,556 shares of the company's stock after purchasing an additional 5,722 shares during the period. Tyson Foods makes up approximately 2.7% of New Wave Wealth Advisors LLC's holdings, making the stock its 7th biggest position. New Wave Wealth Advisors LLC's holdings in Tyson Foods were worth $6,034,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSN. Handelsbanken Fonder AB lifted its stake in shares of Tyson Foods by 17.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after acquiring an additional 729 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Tyson Foods by 14.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock worth $693,000 after acquiring an additional 1,532 shares during the period. Summit Global Investments lifted its stake in shares of Tyson Foods by 212.8% in the 1st quarter. Summit Global Investments now owns 230,921 shares of the company's stock worth $14,735,000 after acquiring an additional 157,092 shares during the period. LPL Financial LLC lifted its stake in shares of Tyson Foods by 2.1% in the 4th quarter. LPL Financial LLC now owns 208,966 shares of the company's stock worth $12,003,000 after acquiring an additional 4,266 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of Tyson Foods by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 33,516 shares of the company's stock worth $2,138,000 after acquiring an additional 925 shares during the period. Institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Up 0.4%

Tyson Foods stock opened at $55.24 on Monday. The company has a 50 day moving average price of $56.57 and a 200 day moving average price of $58.08. Tyson Foods, Inc. has a 52 week low of $54.01 and a 52 week high of $66.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. The firm has a market capitalization of $19.68 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 0.72 and a beta of 0.60.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a net margin of 1.70% and a return on equity of 7.43%. The firm had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.15 billion. During the same quarter last year, the business posted $0.62 EPS. The company's revenue was up .0% on a year-over-year basis. Research analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's dividend payout ratio is 77.82%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup upped 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. Wall Street Zen lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Stephens cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group began coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 target price for the company. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $63.11.

About Tyson Foods

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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