Ferguson Wellman Capital Management Inc. Reduces Holdings in Tyson Foods, Inc. (NYSE:TSN)

Posted by on Mar 23rd, 2023

Ferguson Wellman Capital Management Inc. lessened its stake in Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,955 shares of the company’s stock after selling 1,271 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Tyson Foods were worth $682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mutual Advisors LLC increased its stake in shares of Tyson Foods by 6.0% in the fourth quarter. Mutual Advisors LLC now owns 6,951 shares of the company’s stock worth $433,000 after buying an additional 392 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Tyson Foods by 203.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,580,743 shares of the company’s stock worth $98,401,000 after buying an additional 1,060,504 shares during the last quarter. Verity & Verity LLC increased its stake in shares of Tyson Foods by 3.8% in the fourth quarter. Verity & Verity LLC now owns 120,923 shares of the company’s stock worth $7,527,000 after buying an additional 4,377 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Tyson Foods by 10.2% in the fourth quarter. Arkadios Wealth Advisors now owns 3,894 shares of the company’s stock worth $242,000 after buying an additional 362 shares during the last quarter. Finally, Accurate Wealth Management LLC bought a new stake in shares of Tyson Foods in the fourth quarter worth $35,000. Institutional investors own 66.64% of the company’s stock.

Tyson Foods Stock Performance

TSN stock opened at $57.20 on Thursday. The company has a market capitalization of $20.34 billion, a P/E ratio of 8.50 and a beta of 0.75. The company has a 50-day simple moving average of $61.44 and a 200 day simple moving average of $64.67. Tyson Foods, Inc. has a fifty-two week low of $56.07 and a fifty-two week high of $99.54. The company has a quick ratio of 0.66, a current ratio of 1.75 and a debt-to-equity ratio of 0.40.

Tyson Foods (NYSE:TSN – Get Rating) last posted its quarterly earnings data on Monday, February 6th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.50). The company had revenue of $13.26 billion during the quarter, compared to analyst estimates of $13.51 billion. Tyson Foods had a return on equity of 12.41% and a net margin of 4.54%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.87 EPS. Sell-side analysts predict that Tyson Foods, Inc. will post 4.15 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Wednesday, May 31st. Tyson Foods’s payout ratio is currently 28.53%.

Analyst Ratings Changes

A number of analysts recently issued reports on TSN shares. Sanford C. Bernstein dropped their price target on shares of Tyson Foods to $76.00 in a research note on Monday, December 12th. Barclays lowered shares of Tyson Foods from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $89.00 to $58.00 in a research note on Monday, November 28th. JPMorgan Chase & Co. lowered their target price on shares of Tyson Foods from $69.00 to $63.00 and set a “neutral” rating for the company in a research note on Tuesday, February 7th. Bank of America reduced their price target on shares of Tyson Foods from $62.00 to $56.00 and set an “underperform” rating for the company in a report on Tuesday, February 7th. Finally, Credit Suisse Group reduced their price target on shares of Tyson Foods from $75.00 to $58.00 and set a “neutral” rating for the company in a report on Tuesday, February 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Tyson Foods has an average rating of “Hold” and an average target price of $68.00.

Tyson Foods 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.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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