Belpointe Asset Management LLC Cuts Stake in Tyson Foods, Inc. (NYSE:TSN)

Posted by on May 17th, 2023

Belpointe Asset Management LLC lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,787 shares of the company’s stock after selling 378 shares during the period. Belpointe Asset Management LLC’s holdings in Tyson Foods were worth $174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TSN. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Tyson Foods by 4.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,055 shares of the company’s stock worth $252,000 after acquiring an additional 162 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Tyson Foods by 79.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 372 shares of the company’s stock worth $25,000 after acquiring an additional 165 shares during the period. Zullo Investment Group Inc. lifted its stake in shares of Tyson Foods by 21.5% in the third quarter. Zullo Investment Group Inc. now owns 948 shares of the company’s stock valued at $63,000 after purchasing an additional 168 shares during the period. Greenwood Gearhart Inc. lifted its stake in shares of Tyson Foods by 0.5% in the third quarter. Greenwood Gearhart Inc. now owns 33,221 shares of the company’s stock valued at $2,190,000 after purchasing an additional 168 shares during the period. Finally, Texas Permanent School Fund lifted its stake in shares of Tyson Foods by 0.4% in the fourth quarter. Texas Permanent School Fund now owns 41,149 shares of the company’s stock valued at $2,562,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 66.64% of the company’s stock.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $49.20 on Wednesday. The company has a market cap of $17.50 billion, a PE ratio of 11.80 and a beta of 0.75. Tyson Foods, Inc. has a 12 month low of $47.11 and a 12 month high of $92.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 0.63. The company has a 50-day simple moving average of $58.15 and a 200-day simple moving average of $61.78.

Tyson Foods (NYSE:TSN – Get Rating) last issued its quarterly earnings results on Monday, May 8th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.84). Tyson Foods had a return on equity of 8.04% and a net margin of 2.81%. The firm had revenue of $13.13 billion for the quarter, compared to analysts’ expectations of $13.62 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.74 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.90%. Tyson Foods’s dividend payout ratio (DPR) is 46.04%.

Analysts Set New Price Targets

TSN has been the subject of several recent analyst reports. Credit Suisse Group reduced their price objective on shares of Tyson Foods from $75.00 to $58.00 and set a “neutral” rating for the company in a research note on Tuesday, February 7th. The Goldman Sachs Group reduced their price objective on shares of Tyson Foods from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, April 20th. JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $69.00 to $63.00 and set a “neutral” rating for the company in a report on Tuesday, February 7th. Piper Sandler dropped their target price on shares of Tyson Foods from $62.00 to $49.00 in a report on Tuesday, May 9th. Finally, Barclays dropped their target price on shares of Tyson Foods from $58.00 to $52.00 in a report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $60.11.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, insider Brady J. Stewart purchased 2,040 shares of Tyson Foods stock in a transaction on Tuesday, May 9th. The shares were purchased at an average cost of $48.89 per share, with a total value of $99,735.60. Following the completion of the transaction, the insider now directly owns 57,478 shares in the company, valued at approximately $2,810,099.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Johanna Soderstrom bought 5,000 shares of Tyson Foods stock in a transaction dated Friday, May 12th. The shares were acquired at an average cost of $49.22 per share, with a total value of $246,100.00. Following the completion of the transaction, the executive vice president now owns 32,847 shares in the company, valued at approximately $1,616,729.34. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brady J. Stewart bought 2,040 shares of Tyson Foods stock in a transaction dated Tuesday, May 9th. The shares were purchased at an average cost of $48.89 per share, for a total transaction of $99,735.60. Following the completion of the transaction, the insider now owns 57,478 shares of the company’s stock, valued at approximately $2,810,099.42. The disclosure for this purchase can be found here. Insiders have acquired a total of 37,890 shares of company stock valued at $1,849,118 over the last ninety days. Corporate insiders own 1.96% of the company’s stock.

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.

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

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