Richard Bernstein Advisors LLC Sells 23,252 Shares of Tyson Foods, Inc. $TSN

Key Points

• Richard Bernstein Advisors LLC cut its position in Tyson Foods by 51%, selling 23,252 shares in Q3 and leaving it with 22,351 shares worth about $1.21 million.
• Tyson's latest quarter showed an EPS of $0.97 (missing the $1.01 consensus) while revenue rose to $14.31 billion, and analysts forecast roughly 3.8 EPS for the current year.
• Tyson announced a quarterly dividend of $0.51 (annualized $2.04) with an ex-dividend date of June 1 and a ~3.4% yield, though its dividend payout ratio is unusually high at 364%.

Richard Bernstein Advisors LLC lowered its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 51.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,351 shares of the company's stock after selling 23,252 shares during the period. Richard Bernstein Advisors LLC's holdings in Tyson Foods were worth $1,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSN. Bank of Montreal Can increased its position in shares of Tyson Foods by 29.4% in the third quarter. Bank of Montreal Can now owns 252,107 shares of the company's stock valued at $13,689,000 after acquiring an additional 57,256 shares during the last quarter. Vestcor Inc raised its position in shares of Tyson Foods by 160.1% in the third quarter. Vestcor Inc now owns 48,369 shares of the company's stock valued at $2,626,000 after purchasing an additional 29,776 shares during the period. WINTON GROUP Ltd acquired a new stake in Tyson Foods during the third quarter worth approximately $5,721,000. Schroder Investment Management Group grew its holdings in Tyson Foods by 40.7% in the 3rd quarter. Schroder Investment Management Group now owns 14,612 shares of the company's stock valued at $788,000 after buying an additional 4,226 shares in the last quarter. Finally, Inceptionr LLC bought a new position in Tyson Foods during the third quarter worth about $2,105,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $60.26 on Wednesday. The company has a 50-day moving average price of $62.16 and a two-hundred day moving average price of $57.57. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $66.41. The firm has a market capitalization of $21.22 billion, a PE ratio of 107.61, a P/E/G ratio of 1.35 and a beta of 0.47.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm had revenue of $14.31 billion for the quarter, compared to analysts' expectations of $14.11 billion. During the same period in the prior year, the firm posted $1.14 EPS. Tyson Foods's revenue was up 5.1% on a year-over-year basis. Equities analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.51 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. Tyson Foods's dividend payout ratio (DPR) is currently 364.29%.

Wall Street Analysts Forecast Growth

TSN has been the subject of several research analyst reports. Piper Sandler boosted their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, December 12th. Argus upgraded shares of Tyson Foods to a "hold" rating in a report on Friday, February 6th. Weiss Ratings restated a "hold (c-)" rating on shares of Tyson Foods in a report on Monday, December 29th. Sanford C. Bernstein reiterated a "market perform" rating and set a $69.00 target price on shares of Tyson Foods in a research 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 company an "outperform" rating in a research note on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $64.27.

Tyson Foods Profile

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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