Vestmark Advisory Solutions Inc. Lowers Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Posted by on Apr 1st, 2023

Vestmark Advisory Solutions Inc. lessened its stake in Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,288 shares of the company’s stock after selling 5,164 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Tyson Foods were worth $1,450,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. grew its position in Tyson Foods by 3.9% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,552 shares of the company’s stock valued at $306,000 after acquiring an additional 132 shares during the last quarter. Strategic Investment Advisors MI raised its position in Tyson Foods by 1.6% in the 3rd quarter. Strategic Investment Advisors MI now owns 9,940 shares of the company’s stock worth $655,000 after purchasing an additional 158 shares during the period. GHP Investment Advisors Inc. lifted its stake in 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 during the last quarter. Zullo Investment Group Inc. boosted its position in Tyson Foods by 21.5% during the third quarter. Zullo Investment Group Inc. now owns 948 shares of the company’s stock valued at $63,000 after buying an additional 168 shares during the period. Finally, Greenwood Gearhart Inc. grew its stake in shares of Tyson Foods by 0.5% during the third quarter. Greenwood Gearhart Inc. now owns 33,221 shares of the company’s stock valued at $2,190,000 after buying an additional 168 shares during the last quarter. Institutional investors own 66.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Bank of America dropped their target price on Tyson Foods from $62.00 to $56.00 and set an “underperform” rating for the company in a report on Tuesday, February 7th. StockNews.com started coverage on Tyson Foods in a research report on Thursday, March 16th. They issued a “hold” rating for the company. The Goldman Sachs Group lowered Tyson Foods from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $91.00 to $66.00 in a research report on Monday, February 6th. Sanford C. Bernstein decreased their price target on Tyson Foods to $76.00 in a research note on Monday, December 12th. Finally, Piper Sandler decreased their price target on Tyson Foods from $68.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, February 1st. Two 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $68.00.

Tyson Foods Stock Up 1.7 %

Shares of NYSE TSN opened at $59.32 on Friday. The firm has a market cap of $21.10 billion, a price-to-earnings ratio of 8.81 and a beta of 0.75. 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, Inc. has a 52-week low of $55.81 and a 52-week high of $99.54. The business’s 50 day moving average is $60.49 and its two-hundred day moving average is $63.94.

Tyson Foods (NYSE:TSN – Get Rating) last posted its quarterly earnings results on Monday, February 6th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.50). The business 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 was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.87 EPS. Research analysts predict that Tyson Foods, Inc. will post 4.15 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $1.92 annualized dividend and a yield of 3.24%. Tyson Foods’s dividend payout ratio is presently 28.53%.

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.

See Also

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

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