HUB Investment Partners LLC Sells 371 Shares of Tyson Foods, Inc. (NYSE:TSN)

HUB Investment Partners LLC cut its position in Tyson Foods, Inc. (NYSE:TSN) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,959 shares of the company’s stock after selling 371 shares during the quarter. HUB Investment Partners LLC’s holdings in Tyson Foods were worth $400,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Tyson Foods by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock valued at $109,000 after purchasing an additional 173 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after purchasing an additional 184 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock valued at $2,908,000 after buying an additional 189 shares during the period. Naples Global Advisors LLC grew its stake in shares of Tyson Foods by 1.0% during the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock valued at $1,137,000 after buying an additional 202 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of Tyson Foods by 1.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company’s stock worth $1,131,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TSN shares. Citigroup reduced their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research note on Tuesday, February 4th. Stephens upped their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. UBS Group initiated coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Finally, HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Stock Performance

Tyson Foods stock opened at $60.46 on Friday. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The stock has a market cap of $21.53 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.74 and a beta of 0.72. The stock’s 50 day simple moving average is $58.55 and its two-hundred day simple moving average is $59.77. 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 results 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. The company had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 earnings per share. As a group, analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.31%. The ex-dividend date is Friday, May 30th. Tyson Foods’s 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.