Verdence Capital Advisors LLC Decreases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Verdence Capital Advisors LLC decreased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 39.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,006 shares of the company's stock after selling 25,323 shares during the period. Verdence Capital Advisors LLC's holdings in Tyson Foods were worth $2,097,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wetherby Asset Management Inc. boosted its stake in Tyson Foods by 5.1% in the 1st quarter. Wetherby Asset Management Inc. now owns 4,031 shares of the company's stock worth $361,000 after purchasing an additional 196 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in Tyson Foods by 47.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company's stock worth $35,000 after buying an additional 208 shares in the last quarter. Allworth Financial LP lifted its position in Tyson Foods by 26.1% during the 4th quarter. Allworth Financial LP now owns 1,185 shares of the company's stock worth $64,000 after buying an additional 245 shares in the last quarter. Caprock Group LLC lifted its position in Tyson Foods by 2.7% during the 3rd quarter. Caprock Group LLC now owns 9,305 shares of the company's stock worth $470,000 after buying an additional 248 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its holdings in shares of Tyson Foods by 3.7% in the 3rd quarter. Arete Wealth Advisors LLC now owns 6,999 shares of the company's stock valued at $353,000 after purchasing an additional 250 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the transaction, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.05% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on TSN shares. Piper Sandler increased their price target on shares of Tyson Foods from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, January 26th. Bank of America upgraded shares of Tyson Foods from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. Stephens reiterated an "overweight" rating and set a $70.00 price target on shares of Tyson Foods in a research report on Tuesday, February 6th. Barclays upgraded shares of Tyson Foods from an "underweight" rating to an "overweight" rating and raised their target price for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. Finally, Citigroup raised their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the company a "neutral" rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $58.80.

Tyson Foods Stock Up 1.8 %

NYSE:TSN traded up $1.08 during trading hours on Friday, reaching $59.95. The company had a trading volume of 1,608,061 shares, compared to its average volume of 2,040,403. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The firm has a market cap of $21.36 billion, a price-to-earnings ratio of -24.27, a P/E/G ratio of 0.48 and a beta of 0.77. The business's 50-day simple moving average is $56.12 and its two-hundred day simple moving average is $52.50. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $63.28.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.28. The business had revenue of $13.32 billion during the quarter, compared to analysts' expectations of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The business's quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share. On average, equities analysts expect that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Friday, May 31st. Tyson Foods's dividend payout ratio is currently -79.35%.

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.