Strait & Sound Wealth Management LLC Decreases Holdings in Tyson Foods, Inc. (NYSE:TSN)

Strait & Sound Wealth Management LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,810 shares of the company’s stock after selling 320 shares during the period. Strait & Sound Wealth Management LLC’s holdings in Tyson Foods were worth $207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSN. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tyson Foods by 7.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,081 shares of the company’s stock worth $6,293,000 after buying an additional 7,921 shares during the last quarter. Check Capital Management Inc. CA purchased a new stake in shares of Tyson Foods in the third quarter valued at about $204,000. SG Americas Securities LLC grew its position in shares of Tyson Foods by 157.1% in the fourth quarter. SG Americas Securities LLC now owns 47,188 shares of the company’s stock valued at $2,536,000 after purchasing an additional 28,833 shares during the last quarter. Rafferty Asset Management LLC increased its stake in shares of Tyson Foods by 11.1% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,273 shares of the company’s stock worth $1,074,000 after purchasing an additional 2,129 shares in the last quarter. Finally, Markel Group Inc. raised its position in shares of Tyson Foods by 28.3% during the 3rd quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock worth $29,158,000 after purchasing an additional 127,500 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup increased their target price on Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. HSBC upped their target price on shares of Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a report on Tuesday, May 7th. The Goldman Sachs Group raised their price target on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, Piper Sandler upped their price objective on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.22.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.05% of the stock is currently owned by insiders.

Tyson Foods Trading Down 1.1 %

TSN stock traded down $0.68 on Friday, hitting $60.25. 2,253,144 shares of the company were exchanged, compared to its average volume of 2,658,806. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. The stock has a market capitalization of $21.51 billion, a price-to-earnings ratio of -33.85, a price-to-earnings-growth ratio of 0.46 and a beta of 0.74. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $62.04. The business’s fifty day moving average is $58.91 and its two-hundred day moving average is $54.31.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. During the same period last year, the company posted ($0.04) EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts forecast that Tyson Foods, Inc. will post 2.47 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

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.