Wealth Enhancement Advisory Services LLC Increases Holdings in Tyson Foods, Inc. (NYSE:TSN)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 96.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,835 shares of the company's stock after purchasing an additional 17,127 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Tyson Foods were worth $2,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Handelsbanken Fonder AB increased its position in shares of Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after purchasing an additional 729 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Tyson Foods by 14.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock valued at $693,000 after acquiring an additional 1,532 shares during the period. Summit Global Investments increased its position in Tyson Foods by 212.8% in the 1st quarter. Summit Global Investments now owns 230,921 shares of the company's stock valued at $14,735,000 after acquiring an additional 157,092 shares during the period. LPL Financial LLC increased its position in Tyson Foods by 2.1% in the 4th quarter. LPL Financial LLC now owns 208,966 shares of the company's stock valued at $12,003,000 after acquiring an additional 4,266 shares during the period. Finally, GAMMA Investing LLC increased its position in Tyson Foods by 5,809.7% in the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock valued at $29,459,000 after acquiring an additional 453,853 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $55.24 on Friday. The business's 50 day simple moving average is $56.57 and its 200-day simple moving average is $58.10. The firm has a market capitalization of $19.68 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 0.72 and a beta of 0.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69. Tyson Foods, Inc. has a 12 month low of $54.01 and a 12 month high of $66.88.

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

Tyson Foods Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Friday, August 29th. Tyson Foods's payout ratio is currently 77.82%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TSN shares. The Goldman Sachs Group started coverage on Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price target on the stock. Citigroup lifted their price objective on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Stephens lowered their price objective on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen lowered Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $63.11.

Tyson Foods 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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