Ridgewood Investments LLC Decreases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Ridgewood Investments LLC reduced its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 10.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,277 shares of the company’s stock after selling 2,581 shares during the quarter. Ridgewood Investments LLC’s holdings in Tyson Foods were worth $1,386,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. First Financial Corp IN purchased a new position in shares of Tyson Foods in the first quarter valued at $35,000. Pittenger & Anderson Inc. acquired a new stake in Tyson Foods in the first quarter valued at $42,000. Mather Group LLC. acquired a new stake in Tyson Foods in the first quarter valued at $49,000. Hantz Financial Services Inc. acquired a new stake in Tyson Foods in the second quarter valued at $54,000. Finally, Tompkins Financial Corp raised its holdings in Tyson Foods by 42.1% in the first quarter. Tompkins Financial Corp now owns 989 shares of the company’s stock valued at $58,000 after acquiring an additional 293 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TSN. Barclays upped their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Bank of America cut their price target on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Stephens began coverage on shares of Tyson Foods in a report on Thursday. They set an “equal weight” rating and a $57.00 target price on the stock. Finally, Piper Sandler cut shares of Tyson Foods from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $57.00 to $50.00 in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $59.22.

Tyson Foods Stock Performance

Shares of TSN stock traded up $0.48 during trading hours on Friday, reaching $58.55. The stock had a trading volume of 1,040,013 shares, compared to its average volume of 2,512,822. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $66.88. The firm has a 50-day simple moving average of $61.97 and a 200-day simple moving average of $59.61. The firm has a market capitalization of $20.83 billion, a PE ratio of -32.89, a price-to-earnings-growth ratio of 0.34 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same quarter last year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts forecast that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a yield of 3.35%. Tyson Foods’s dividend payout ratio is presently -110.11%.

Tyson Foods Company 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.