Equitable Holdings Inc. Increases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Posted by Defense World Staff on Feb 27th, 2023

Equitable Holdings Inc. increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,614 shares of the company’s stock after purchasing an additional 494 shares during the quarter. Equitable Holdings Inc.’s holdings in Tyson Foods were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. grew its stake in shares of Tyson Foods by 79.7% in the third quarter. GHP Investment Advisors Inc. now owns 372 shares of the company’s stock worth $25,000 after purchasing an additional 165 shares in the last quarter. Cowa LLC bought a new stake in shares of Tyson Foods in the third quarter valued at about $31,000. Guardian Wealth Advisors LLC acquired a new position in shares of Tyson Foods in the third quarter valued at approximately $31,000. Larson Financial Group LLC increased its holdings in Tyson Foods by 21,350.0% in the second quarter. Larson Financial Group LLC now owns 429 shares of the company’s stock valued at $37,000 after purchasing an additional 427 shares during the period. Finally, Orion Capital Management LLC bought a new position in shares of Tyson Foods during the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 66.64% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN opened at $61.23 on Monday. The company’s fifty day moving average is $63.04 and its two-hundred day moving average is $67.22. The stock has a market capitalization of $21.78 billion, a P/E ratio of 9.10 and a beta of 0.73. Tyson Foods, Inc. has a 1 year low of $59.38 and a 1 year high of $99.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.66 and a current ratio of 1.75.

Tyson Foods (NYSE:TSN – Get Rating) last released its quarterly earnings results on Monday, February 6th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.50). The firm had revenue of $13.26 billion for the quarter, compared to analyst estimates of $13.51 billion. Tyson Foods had a net margin of 4.54% and a return on equity of 12.41%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.87 EPS. On average, sell-side analysts predict that Tyson Foods, Inc. will post 4.52 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Wednesday, May 31st. Tyson Foods’s payout ratio is 28.53%.

Insider Activity at Tyson Foods

In other news, insider Shane Miller sold 5,000 shares of the stock in a transaction on Monday, December 5th. The stock was sold at an average price of $64.44, for a total transaction of $322,200.00. Following the completion of the transaction, the insider now owns 30,921 shares in the company, valued at approximately $1,992,549.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TSN has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price objective on shares of Tyson Foods from $90.00 to $75.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 15th. Piper Sandler decreased their target price on Tyson Foods from $68.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, February 1st. Barclays lowered Tyson Foods from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $89.00 to $58.00 in a research report on Monday, November 28th. Credit Suisse Group lowered their price target on Tyson Foods from $75.00 to $58.00 and set a “neutral” rating for the company in a report on Tuesday, February 7th. Finally, TheStreet lowered Tyson Foods from a “b-” rating to a “c+” rating in a research report on Thursday, December 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $68.00.

Tyson Foods Company Profile

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Tyson Foods, Inc engages in the production of frozen and refrigerated food products. It operates through the following segments: Beef, Pork, Chicken, and Prepared Foods. The Beef segment includes processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products.