Sequoia Financial Advisors LLC Purchases Shares of 6,761 Tyson Foods, Inc. (NYSE:TSN)

Sequoia Financial Advisors LLC acquired a new position in Tyson Foods, Inc. (NYSE:TSN) during the third quarter, HoldingsChannel.com reports. The fund acquired 6,761 shares of the company’s stock, valued at approximately $403,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSN. Price T Rowe Associates Inc. MD grew its holdings in Tyson Foods by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after purchasing an additional 128,274 shares during the last quarter. Pzena Investment Management LLC increased its position in Tyson Foods by 18.4% during the 2nd quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after buying an additional 1,939,508 shares in the last quarter. Davis Selected Advisers purchased a new stake in Tyson Foods in the second quarter valued at about $177,439,000. Jacobs Levy Equity Management Inc. boosted its holdings in Tyson Foods by 5.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,894,219 shares of the company’s stock worth $111,247,000 after acquiring an additional 91,627 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Tyson Foods by 45.5% during the second quarter. Van ECK Associates Corp now owns 1,274,741 shares of the company’s stock worth $72,839,000 after acquiring an additional 398,404 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN opened at $58.67 on Monday. The business’s 50-day moving average is $61.27 and its two-hundred day moving average is $59.70. The company has a market capitalization of $20.95 billion, a P/E ratio of -32.96, a P/E/G ratio of 0.38 and a beta of 0.78. Tyson Foods, Inc. has a fifty-two week low of $45.13 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82.

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

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is currently -110.11%.

Wall Street Analyst Weigh In

Several brokerages recently commented on TSN. Piper Sandler lowered shares of Tyson Foods from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. Bank of America lowered their price objective on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Citigroup cut their target price on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price target on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $59.22.

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.