Forvis Mazars Wealth Advisors LLC Has $2.24 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Forvis Mazars Wealth Advisors LLC trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 38,919 shares of the company’s stock after selling 990 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Tyson Foods were worth $2,235,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fisher Funds Management LTD acquired a new position in Tyson Foods during the fourth quarter valued at approximately $3,408,000. Allianz Asset Management GmbH raised its stake in shares of Tyson Foods by 37.8% during the 4th quarter. Allianz Asset Management GmbH now owns 724,900 shares of the company’s stock worth $41,638,000 after purchasing an additional 198,824 shares in the last quarter. Advyzon Investment Management LLC acquired a new stake in shares of Tyson Foods in the 4th quarter valued at approximately $277,000. Handelsbanken Fonder AB grew its stake in shares of Tyson Foods by 17.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock valued at $286,000 after buying an additional 729 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in Tyson Foods during the fourth quarter worth $1,045,000. Institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TSN. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Stephens lifted their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Barclays dropped their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. UBS Group initiated coverage on Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Finally, BMO Capital Markets lifted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Stock Up 2.2 %

TSN opened at $60.43 on Monday. The stock has a fifty day moving average of $57.22 and a 200-day moving average of $60.03. The company has a market capitalization of $21.52 billion, a P/E ratio of 20.41, a P/E/G ratio of 0.74 and a beta of 0.80. Tyson Foods, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The business’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio is currently 67.57%.

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.