Davis Selected Advisers Raises Stock Holdings in Tyson Foods, Inc. $TSN

Davis Selected Advisers raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 91.4% in the second quarter, Holdings Channel.com reports. The firm owned 8,956,466 shares of the company’s stock after buying an additional 4,276,884 shares during the period. Tyson Foods comprises 2.7% of Davis Selected Advisers’ portfolio, making the stock its 13th largest holding. Davis Selected Advisers’ holdings in Tyson Foods were worth $501,025,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TSN. AQR Capital Management LLC grew its position in shares of Tyson Foods by 776.8% during the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company’s stock worth $180,933,000 after buying an additional 2,518,416 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Tyson Foods by 4,207.2% during the 1st quarter. Pacer Advisors Inc. now owns 1,635,237 shares of the company’s stock valued at $104,344,000 after acquiring an additional 1,597,272 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Tyson Foods by 10.6% during the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company’s stock worth $846,379,000 after acquiring an additional 1,271,750 shares in the last quarter. Amundi raised its stake in shares of Tyson Foods by 96.3% in the 1st quarter. Amundi now owns 1,556,812 shares of the company’s stock valued at $98,951,000 after purchasing an additional 763,887 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Tyson Foods in the 1st quarter valued at about $41,582,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Bernstein Bank lowered Tyson Foods to a “market perform” rating and lowered their price objective for the company from $74.00 to $59.00 in a report on Wednesday, July 23rd. Bank of America decreased their target price on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. BMO Capital Markets upped their price target on Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyson Foods in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They set a “neutral” rating and a $60.00 target price for the company. Two analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $60.75.

Tyson Foods Trading Up 0.4%

NYSE:TSN opened at $54.28 on Friday. The firm has a market capitalization of $19.31 billion, a P/E ratio of 24.67, a P/E/G ratio of 0.85 and a beta of 0.56. The business has a 50 day simple moving average of $53.41 and a 200 day simple moving average of $54.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 0.78. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $65.33.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.30. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The company had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.08 billion. During the same period last year, the business posted $0.92 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Tyson Foods has set its FY 2026 guidance at EPS. Equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s dividend payout ratio (DPR) is presently 150.38%.

Tyson Foods announced that its Board of Directors has approved a stock repurchase plan on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Tyson Foods 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.