Vanguard Group Inc. Acquires 46,881 Shares of Tyson Foods, Inc. $TSN

Vanguard Group Inc. increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 0.1% in the 4th quarter, Holdings Channel reports. The fund owned 36,530,135 shares of the company’s stock after buying an additional 46,881 shares during the quarter. Vanguard Group Inc. owned 0.10% of Tyson Foods worth $2,141,397,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Markel Group Inc. boosted its holdings in Tyson Foods by 4.0% in the third quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock worth $46,074,000 after acquiring an additional 32,500 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Tyson Foods by 73.4% in the third quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after acquiring an additional 795,710 shares during the last quarter. Liberty One Investment Management LLC increased its holdings in shares of Tyson Foods by 32.1% during the third quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock valued at $6,179,000 after acquiring an additional 27,627 shares in the last quarter. Polaris Capital Management LLC increased its holdings in shares of Tyson Foods by 20.4% during the third quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock valued at $29,498,000 after acquiring an additional 91,900 shares in the last quarter. Finally, Inscription Capital LLC raised its position in shares of Tyson Foods by 262.9% in the 3rd quarter. Inscription Capital LLC now owns 26,964 shares of the company’s stock worth $1,464,000 after purchasing an additional 19,533 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

NYSE TSN opened at $63.70 on Thursday. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $66.41. The stock has a 50-day moving average of $63.07 and a 200 day moving average of $59.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The company has a market capitalization of $22.43 billion, a price-to-earnings ratio of 113.75, a PEG ratio of 1.38 and a beta of 0.44.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). The company had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. Tyson Foods’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.51 per share. The ex-dividend date is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. Tyson Foods’s dividend payout ratio is 364.29%.

Analysts Set New Price Targets

TSN has been the topic of a number of analyst reports. Argus upgraded shares of Tyson Foods to a “hold” rating in a research note on Friday, February 6th. BMO Capital Markets lifted their target price on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Barclays upped their target price on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Finally, Mizuho began coverage on shares of Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $66.45.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.