Cetera Investment Advisers Lowers Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Cetera Investment Advisers cut its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,710 shares of the company's stock after selling 35,342 shares during the period. Cetera Investment Advisers' holdings in Tyson Foods were worth $2,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Riverview Trust Co raised its holdings in shares of Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after acquiring an additional 445 shares in the last quarter. Brooklyn Investment Group grew its holdings in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after purchasing an additional 570 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after purchasing an additional 229 shares during the last quarter. Ossiam grew its holdings in Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after purchasing an additional 184 shares during the last quarter. Finally, TCTC Holdings LLC grew its holdings in 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.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TSN. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a report on Tuesday, February 4th. Stephens cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Citigroup upped their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their target price 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. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Tyson Foods has a consensus rating of "Hold" and an average target price of $62.63.

Tyson Foods Trading Down 1.2%

TSN stock traded down $0.68 during mid-day trading on Thursday, reaching $55.63. The company had a trading volume of 649,370 shares, compared to its average volume of 2,403,902. 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 $19.82 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. The firm has a 50 day moving average of $59.54 and a 200 day moving average of $59.49. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. During the same quarter in the prior year, the company earned $0.62 EPS. The company's revenue was up .0% compared to the same quarter last year. On average, equities analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.60%. Tyson Foods's payout ratio is presently 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.