Essential Planning LLC. Acquires Shares of 20,943 Tyson Foods, Inc. (NYSE:TSN)

Essential Planning LLC. acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,943 shares of the company’s stock, valued at approximately $1,264,000.

Several other institutional investors and hedge funds have also bought and sold shares of TSN. Principal Financial Group Inc. grew its holdings in Tyson Foods by 3.7% during the third quarter. Principal Financial Group Inc. now owns 368,743 shares of the company’s stock valued at $21,962,000 after purchasing an additional 13,066 shares during the period. Atria Investments Inc grew its holdings in Tyson Foods by 37.8% during the third quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock valued at $821,000 after purchasing an additional 3,782 shares during the period. Covestor Ltd boosted its holdings in shares of Tyson Foods by 987.5% in the third quarter. Covestor Ltd now owns 1,914 shares of the company’s stock worth $114,000 after acquiring an additional 1,738 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Tyson Foods by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after acquiring an additional 172 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Tyson Foods by 426.0% in the third quarter. Venturi Wealth Management LLC now owns 1,757 shares of the company’s stock worth $105,000 after acquiring an additional 1,423 shares during the period. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

NYSE:TSN opened at $60.12 on Thursday. The stock has a fifty day moving average of $57.97 and a 200 day moving average of $59.94. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The firm has a market capitalization of $21.41 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.33%. Tyson Foods’s payout ratio is 67.57%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Citigroup cut their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Barclays cut their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. Stephens raised their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Finally, HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $61.10.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.