Farther Finance Advisors LLC Grows Position in Tyson Foods, Inc. (NYSE:TSN)

Farther Finance Advisors LLC boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 134.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,905 shares of the company’s stock after purchasing an additional 5,688 shares during the quarter. Farther Finance Advisors LLC’s holdings in Tyson Foods were worth $569,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TSN. Riverview Trust Co grew its stake in Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after buying an additional 445 shares during the period. Brooklyn Investment Group grew its stake in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Tyson Foods during the third quarter worth approximately $36,000. SRS Capital Advisors Inc. grew its stake in Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after buying an additional 229 shares during the period. Finally, ST Germain D J Co. Inc. purchased a new stake in Tyson Foods during the fourth quarter worth approximately $42,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the subject of several research reports. Stephens boosted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Barclays reduced their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. Finally, UBS Group started coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Trading Down 0.2 %

TSN opened at $59.87 on Friday. The stock has a market capitalization of $21.33 billion, a PE ratio of 20.23, a P/E/G ratio of 0.74 and a beta of 0.72. The firm’s fifty day moving average price is $58.04 and its 200 day moving average price is $59.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. As a group, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. Tyson Foods’s dividend payout ratio is currently 67.57%.

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.