Verdence Capital Advisors LLC Lowers Position in Tyson Foods, Inc. (NYSE:TSN)

Verdence Capital Advisors LLC cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 39.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,006 shares of the company’s stock after selling 25,323 shares during the period. Verdence Capital Advisors LLC’s holdings in Tyson Foods were worth $2,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TSN. abrdn plc lifted its position in shares of Tyson Foods by 69.4% in the fourth quarter. abrdn plc now owns 117,217 shares of the company’s stock valued at $6,300,000 after acquiring an additional 48,029 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of Tyson Foods in the fourth quarter valued at about $418,000. HTLF Bank purchased a new position in shares of Tyson Foods in the fourth quarter valued at about $213,000. Xponance Inc. lifted its position in shares of Tyson Foods by 16.2% in the fourth quarter. Xponance Inc. now owns 78,922 shares of the company’s stock valued at $4,242,000 after acquiring an additional 10,986 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Tyson Foods by 6.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 25,876 shares of the company’s stock valued at $1,391,000 after acquiring an additional 1,503 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $53.00 to $69.00 in a research report on Tuesday, April 16th. Piper Sandler boosted their price objective on Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Stephens reaffirmed an “overweight” rating and issued a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. StockNews.com raised Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Finally, BMO Capital Markets lifted their target price on Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $58.80.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the sale, the director now directly owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.05% of the stock is currently owned by insiders.

Tyson Foods Trading Up 1.8 %

NYSE TSN traded up $1.08 during trading hours on Friday, hitting $59.95. 1,608,061 shares of the company were exchanged, compared to its average volume of 2,040,403. The stock has a 50-day moving average price of $56.12 and a 200 day moving average price of $52.47. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $63.28. The stock has a market cap of $21.36 billion, a PE ratio of -24.27, a price-to-earnings-growth ratio of 0.48 and a beta of 0.77.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.28. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The company had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Analysts forecast that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.27%. Tyson Foods’s payout ratio is currently -79.35%.

Tyson Foods Profile

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.