Tyson Foods, Inc. $TSN Shares Sold by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers LLC cut its stake in Tyson Foods by 30.2% in Q4, selling 37,622 shares and leaving it with 87,080 shares worth about $5.11 million.
• Tyson announced a quarterly dividend of $0.51 per share payable June 15 (ex-dividend June 1), equal to $2.04 annualized and a 3.2% yield, though its dividend payout ratio is an elevated 364.29%.
• Tyson missed Q4 EPS estimates ($0.97 vs. $1.01) while revenue beat ($14.31B vs. $14.11B); analysts' consensus is a Hold with an average price target of $66.45.

Wealthfront Advisers LLC lessened its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 30.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 87,080 shares of the company's stock after selling 37,622 shares during the period. Wealthfront Advisers LLC's holdings in Tyson Foods were worth $5,105,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Markel Group Inc. lifted its stake in Tyson Foods by 4.0% in the 3rd quarter. Markel Group Inc. now owns 848,500 shares of the company's stock valued at $46,074,000 after purchasing an additional 32,500 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Tyson Foods by 73.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company's stock valued at $102,042,000 after purchasing an additional 795,710 shares during the last quarter. Liberty One Investment Management LLC lifted its stake in Tyson Foods by 32.1% in the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company's stock valued at $6,179,000 after purchasing an additional 27,627 shares during the last quarter. Polaris Capital Management LLC lifted its stake in Tyson Foods by 20.4% in the 3rd quarter. Polaris Capital Management LLC now owns 543,248 shares of the company's stock valued at $29,498,000 after purchasing an additional 91,900 shares during the last quarter. Finally, Inscription Capital LLC lifted its stake in Tyson Foods by 262.9% in the 3rd quarter. Inscription Capital LLC now owns 26,964 shares of the company's stock valued at $1,464,000 after purchasing an additional 19,533 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Trading Up 0.9%

Shares of TSN stock opened at $64.15 on Friday. The firm has a 50 day moving average price of $63.07 and a two-hundred day moving average price of $59.65. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $22.59 billion, a PE ratio of 114.56, a price-to-earnings-growth ratio of 1.38 and a beta of 0.44. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $66.41.

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 (EPS) 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 company had revenue of $14.31 billion for the quarter, compared to analyst estimates of $14.11 billion. During the same quarter last year, the business earned $1.14 earnings per share. The company's revenue was up 5.1% on a year-over-year basis. As a group, analysts predict that Tyson Foods, Inc. will post 3.95 earnings per share 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 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 dividend yield of 3.2%. Tyson Foods's dividend payout ratio (DPR) is currently 364.29%.

Analyst Ratings Changes

Several equities research analysts have issued reports on TSN shares. JPMorgan Chase & Co. cut their price target on Tyson Foods from $67.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, March 24th. Piper Sandler raised Tyson Foods from a "neutral" rating to an "overweight" rating and raised their price target for the company from $61.00 to $75.00 in a report on Monday, April 6th. Barclays raised their price target on Tyson Foods from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Tuesday, February 3rd. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $69.00 price target on shares of Tyson Foods in a report on Tuesday, February 3rd. Finally, Mizuho started coverage on Tyson Foods in a report on Thursday, March 26th. They set an "outperform" rating and a $72.00 price target for the company. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $66.45.

Tyson Foods Company 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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