Balentine LLC Has $439,000 Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Posted by on Apr 16th, 2023

Balentine LLC lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 55.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,054 shares of the company’s stock after selling 8,625 shares during the quarter. Balentine LLC’s holdings in Tyson Foods were worth $439,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Tyson Foods by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock valued at $3,332,404,000 after buying an additional 2,239,235 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Tyson Foods by 203.8% during the 4th 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 period. Invesco Ltd. increased its position in shares of Tyson Foods by 33.3% in the first quarter. Invesco Ltd. now owns 3,653,878 shares of the company’s stock worth $327,497,000 after purchasing an additional 912,421 shares during the period. Marshall Wace LLP boosted its stake in Tyson Foods by 9,361.1% in the third quarter. Marshall Wace LLP now owns 816,585 shares of the company’s stock valued at $53,837,000 after buying an additional 807,954 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Tyson Foods by 56.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,572,844 shares of the company’s stock valued at $140,974,000 after buying an additional 566,512 shares in the last quarter. Institutional investors and hedge funds own 66.64% of the company’s stock.

Tyson Foods Stock Down 1.4 %

Shares of NYSE TSN opened at $60.82 on Friday. Tyson Foods, Inc. has a 52 week low of $55.81 and a 52 week high of $99.54. The business has a 50-day simple moving average of $59.55 and a two-hundred day simple moving average of $63.14. The company has a quick ratio of 0.66, a current ratio of 1.75 and a debt-to-equity ratio of 0.40. The company has a market cap of $21.63 billion, a P/E ratio of 9.04 and a beta of 0.75.

Tyson Foods (NYSE:TSN – Get Rating) last posted its quarterly earnings results on Monday, February 6th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.50). The company had revenue of $13.26 billion for the quarter, compared to the consensus estimate of $13.51 billion. Tyson Foods had a return on equity of 12.41% and a net margin of 4.54%. Tyson Foods’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.87 earnings per share. Research analysts anticipate that Tyson Foods, Inc. will post 4.16 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.16%. Tyson Foods’s dividend payout ratio is presently 28.53%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TSN shares. StockNews.com initiated coverage on Tyson Foods in a report on Thursday, March 16th. They set a “hold” rating on the stock. TheStreet lowered Tyson Foods from a “b-” rating to a “c+” rating in a research report on Thursday, December 22nd. Piper Sandler upped their price objective on Tyson Foods from $61.00 to $62.00 in a research note on Wednesday. BMO Capital Markets initiated coverage on Tyson Foods in a research note on Thursday. They set a “market perform” rating for the company. Finally, Credit Suisse Group cut their price target on Tyson Foods from $75.00 to $58.00 and set a “neutral” rating for the company in a research note on Tuesday, February 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $67.67.

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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