Heritage Oak Wealth Advisors LLC Takes Position in Tyson Foods, Inc. (NYSE:TSN)

Heritage Oak Wealth Advisors LLC acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 94,920 shares of the company’s stock, valued at approximately $5,653,000. Tyson Foods makes up about 2.6% of Heritage Oak Wealth Advisors LLC’s holdings, making the stock its 7th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new position in shares of Tyson Foods in the first quarter valued at $42,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Tyson Foods by 301.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after acquiring an additional 561 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in Tyson Foods during the 2nd quarter valued at about $54,000. Northwest Investment Counselors LLC acquired a new position in Tyson Foods during the third quarter worth about $59,000. Finally, SYSTM Wealth Solutions LLC lifted its holdings in shares of Tyson Foods by 1,566.2% in the second quarter. SYSTM Wealth Solutions LLC now owns 1,083 shares of the company’s stock valued at $62,000 after purchasing an additional 1,018 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on TSN shares. Bank of America cut their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Barclays boosted their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Piper Sandler lowered 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 note on Wednesday, September 25th. Stephens started coverage on Tyson Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price objective for the company. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $59.22.

Tyson Foods Stock Up 0.3 %

Shares of NYSE:TSN opened at $59.03 on Friday. Tyson Foods, Inc. has a 12-month low of $45.08 and a 12-month high of $66.88. The stock’s 50-day moving average price is $61.41 and its two-hundred day moving average price is $59.70. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The firm has a market cap of $21.00 billion, a price-to-earnings ratio of -983.83, a PEG ratio of 0.38 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. Tyson Foods’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. On average, research analysts forecast that Tyson Foods, Inc. will post 2.82 EPS 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 issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s payout ratio is currently -3,266.67%.

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.