Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its stake in Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 43.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,912 shares of the company’s stock after selling 38,871 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Tyson Foods were worth $3,170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. lifted its holdings in shares of Tyson Foods by 79.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 372 shares of the company’s stock valued at $25,000 after buying an additional 165 shares during the period. CI Investments Inc. increased its stake in shares of Tyson Foods by 1,002.9% in the 3rd quarter. CI Investments Inc. now owns 386 shares of the company’s stock valued at $25,000 after purchasing an additional 351 shares in the last quarter. RFP Financial Group LLC purchased a new position in shares of Tyson Foods in the 4th quarter valued at about $25,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of Tyson Foods in the 4th quarter valued at about $26,000. Finally, Cowa LLC purchased a new stake in Tyson Foods during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 66.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TSN. BMO Capital Markets cut their price objective on Tyson Foods from $66.00 to $48.00 in a research note on Tuesday, May 9th. Piper Sandler dropped their price target on Tyson Foods from $62.00 to $49.00 in a research report on Tuesday, May 9th. Barclays dropped their price target on Tyson Foods from $58.00 to $52.00 in a research report on Tuesday, May 9th. StockNews.com assumed coverage on Tyson Foods in a research report on Thursday. They issued a “hold” rating for the company. Finally, Bank of America dropped their price target on Tyson Foods from $56.00 to $48.00 in a research report on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.11.

Insider Transactions at Tyson Foods

In other Tyson Foods news, Director Kevin M. Mcnamara bought 20,500 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were purchased at an average price of $48.92 per share, with a total value of $1,002,860.00. Following the completion of the acquisition, the director now directly owns 115,670 shares of the company’s stock, valued at approximately $5,658,576.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Donnie King acquired 10,350 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were bought at an average price of $48.35 per share, with a total value of $500,422.50. Following the completion of the acquisition, the chief executive officer now owns 195,478 shares in the company, valued at approximately $9,451,361.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kevin M. Mcnamara acquired 20,500 shares of the company’s stock in a transaction on Friday, May 12th. The shares were purchased at an average cost of $48.92 per share, for a total transaction of $1,002,860.00. Following the acquisition, the director now owns 115,670 shares of the company’s stock, valued at approximately $5,658,576.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 37,890 shares of company stock valued at $1,849,118. 1.96% of the stock is currently owned by company insiders.

Tyson Foods Stock Down 0.0 %

NYSE:TSN opened at $49.96 on Monday. The company has a quick ratio of 0.63, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $57.69 and its two-hundred day moving average is $61.40. Tyson Foods, Inc. has a 52 week low of $47.11 and a 52 week high of $92.32. The stock has a market capitalization of $17.77 billion, a price-to-earnings ratio of 11.98 and a beta of 0.75.

Tyson Foods (NYSE:TSN – Get Rating) last released its quarterly earnings results on Monday, May 8th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.84). Tyson Foods had a return on equity of 8.04% and a net margin of 2.81%. The firm had revenue of $13.13 billion for the quarter, compared to analyst estimates of $13.62 billion. During the same quarter last year, the company earned $2.29 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Research analysts anticipate that Tyson Foods, Inc. will post 2.21 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Thursday, August 31st. Tyson Foods’s dividend payout ratio is currently 46.04%.

About Tyson Foods

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Tyson Foods, Inc engages in the production of frozen and refrigerated food products. It operates through the following segments: Beef, Pork, Chicken, and Prepared Foods. The Beef segment includes processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products.