WealthTrust Asset Management LLC Purchases New Stake in Tyson Foods, Inc. (NYSE:TSN)

WealthTrust Asset Management LLC acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 19,445 shares of the company's stock, valued at approximately $1,045,000. Tyson Foods accounts for 0.9% of WealthTrust Asset Management LLC's holdings, making the stock its 29th largest holding.

Several other large investors have also recently added to or reduced their stakes in TSN. Sugarloaf Wealth Management LLC grew its holdings in shares of Tyson Foods by 74.7% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company's stock worth $30,000 after purchasing an additional 254 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Tyson Foods by 501.9% during the 3rd quarter. Manchester Capital Management LLC now owns 620 shares of the company's stock worth $31,000 after purchasing an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of 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 purchasing an additional 208 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of Tyson Foods during the 4th quarter worth $40,000. Finally, Montag A & Associates Inc. acquired a new stake in shares of Tyson Foods during the 3rd quarter worth $39,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Down 1.1 %

Shares of TSN traded down $0.68 during mid-day trading on Friday, reaching $60.25. 2,252,532 shares of the company were exchanged, compared to its average volume of 2,822,935. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $62.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77. The stock has a market capitalization of $21.51 billion, a PE ratio of -34.23, a PEG ratio of 0.45 and a beta of 0.74. The business has a 50 day simple moving average of $58.78 and a two-hundred day simple moving average of $54.21.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.23. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The company had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. During the same period last year, the company earned ($0.04) earnings per share. The firm's revenue was down .5% compared to the same quarter last year. On average, analysts predict that Tyson Foods, Inc. will post 2.47 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.49 per share. The ex-dividend date is Friday, August 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.25%. Tyson Foods's dividend payout ratio (DPR) is -110.11%.

Insider Transactions at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, 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 SEC, which is available at the SEC website. 2.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TSN has been the topic of several research analyst reports. Barclays raised Tyson Foods from an "underweight" rating to an "overweight" rating and raised their price objective for the company from $53.00 to $69.00 in a research note on Tuesday, April 16th. Bank of America raised Tyson Foods from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $47.00 to $62.00 in a research note on Tuesday, February 6th. Citigroup raised their price objective on Tyson Foods from $57.00 to $62.00 and gave the company a "neutral" rating in a research note on Wednesday, April 3rd. HSBC raised their price objective on Tyson Foods from $48.00 to $51.00 and gave the company a "reduce" rating in a research note on Tuesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price target on Tyson Foods from $58.00 to $59.00 in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $60.22.

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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