Inceptionr LLC Trims Stock Holdings in Tyson Foods, Inc. $TSN

Inceptionr LLC lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 31.2% during the fourth quarter, HoldingsChannel reports. The firm owned 26,673 shares of the company’s stock after selling 12,094 shares during the quarter. Tyson Foods comprises approximately 0.4% of Inceptionr LLC’s portfolio, making the stock its 25th biggest holding. Inceptionr LLC’s holdings in Tyson Foods were worth $1,564,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. GWN Securities Inc. acquired a new position in shares of Tyson Foods in the fourth quarter valued at approximately $209,000. Deutsche Bank AG boosted its position in Tyson Foods by 33.5% during the fourth quarter. Deutsche Bank AG now owns 1,859,873 shares of the company’s stock worth $109,026,000 after purchasing an additional 466,238 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its position in Tyson Foods by 68.8% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 30,501 shares of the company’s stock worth $1,788,000 after purchasing an additional 12,427 shares in the last quarter. Waddell & Associates LLC purchased a new stake in Tyson Foods during the fourth quarter worth $517,000. Finally, Cerity Partners LLC boosted its position in Tyson Foods by 103.0% during the fourth quarter. Cerity Partners LLC now owns 248,286 shares of the company’s stock worth $14,555,000 after purchasing an additional 125,998 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TSN. JPMorgan Chase & Co. decreased their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. Piper Sandler restated an “overweight” rating and set a $80.00 target price on shares of Tyson Foods in a research report on Monday, May 4th. Mizuho began coverage on Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Finally, Stephens raised their price objective on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.27.

Tyson Foods Price Performance

TSN opened at $56.06 on Thursday. The company has a fifty day simple moving average of $63.99 and a 200 day simple moving average of $61.85. The firm has a market cap of $19.74 billion, a price-to-earnings ratio of 44.15, a PEG ratio of 1.15 and a beta of 0.38. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $69.48. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same quarter last year, the firm earned $0.92 EPS. Tyson Foods’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Tyson Foods, Inc. will post 4.14 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is 160.63%.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.