Wealth Enhancement Advisory Services LLC Acquires 7,092 Shares of Tyson Foods, Inc. (NYSE:TSN)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 66.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,708 shares of the company's stock after acquiring an additional 7,092 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Tyson Foods were worth $1,017,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Square Financial Group LLC purchased a new position in shares of Tyson Foods in the 4th quarter worth approximately $25,000. Riverview Trust Co boosted its position in Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after acquiring an additional 445 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after purchasing an additional 229 shares in the last quarter. Ossiam grew its holdings in Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after purchasing an additional 184 shares during the last quarter. Finally, TCTC Holdings LLC lifted its holdings in shares of Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock valued at $38,000 after purchasing an additional 387 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TSN shares. Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Stephens lowered 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 price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Finally, Citigroup raised their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and an average price target of $62.63.

Tyson Foods Trading Up 0.1%

NYSE TSN opened at $55.32 on Monday. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The company has a market capitalization of $19.71 billion, a PE ratio of 18.69, a P/E/G ratio of 0.74 and a beta of 0.60. The company has a fifty day moving average of $58.18 and a 200 day moving average of $58.96.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. The business had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. Research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio is currently 77.82%.

Tyson Foods Company Profile

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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