Sound Income Strategies LLC Buys 4,769 Shares of Tyson Foods, Inc. (NYSE:TSN)

Sound Income Strategies LLC lifted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,306 shares of the company's stock after buying an additional 4,769 shares during the period. Sound Income Strategies LLC's holdings in Tyson Foods were worth $3,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TSN. EverSource Wealth Advisors LLC grew its stake in shares of Tyson Foods by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock valued at $109,000 after purchasing an additional 173 shares during the period. Syon Capital LLC raised its position in Tyson Foods by 5.1% in the fourth quarter. Syon Capital LLC now owns 3,563 shares of the company's stock worth $205,000 after acquiring an additional 174 shares during the period. Norinchukin Bank The boosted its stake in shares of 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 acquiring an additional 184 shares during the last quarter. Ossiam grew its position in shares of Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after acquiring an additional 184 shares during the period. Finally, Covestor Ltd increased its stake in shares of Tyson Foods by 10.4% in the 4th quarter. Covestor Ltd now owns 2,113 shares of the company's stock worth $121,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

NYSE TSN traded down $0.41 during trading on Wednesday, hitting $54.32. 2,275,029 shares of the stock traded hands, compared to its average volume of 2,403,159. The company has a quick ratio of 0.69, a current ratio of 1.67 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12-month low of $54.01 and a 12-month high of $66.88. The firm has a 50-day simple moving average of $57.51 and a 200-day simple moving average of $58.56. The company has a market capitalization of $19.35 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 0.72 and a beta of 0.60.

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

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.

Wall Street Analyst Weigh In

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

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.