Westwood Holdings Group Inc. Invests $16.46 Million in Tyson Foods, Inc. $TSN

Westwood Holdings Group Inc. purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 294,198 shares of the company’s stock, valued at approximately $16,457,000. Westwood Holdings Group Inc. owned 0.08% of Tyson Foods at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Tyson Foods by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock valued at $2,042,085,000 after purchasing an additional 543,513 shares during the period. State Street Corp grew its holdings in shares of Tyson Foods by 3.2% during the second quarter. State Street Corp now owns 13,990,394 shares of the company’s stock valued at $782,623,000 after buying an additional 439,623 shares in the last quarter. Pzena Investment Management LLC raised its position in Tyson Foods by 3.4% during the second quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock valued at $766,865,000 after buying an additional 444,648 shares during the period. Davis Selected Advisers lifted its stake in Tyson Foods by 91.4% in the 2nd quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock worth $501,025,000 after acquiring an additional 4,276,884 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Tyson Foods by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock worth $411,571,000 after acquiring an additional 122,055 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the topic of a number of research reports. BMO Capital Markets upped their target price on Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, November 11th. JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price objective on the stock. Piper Sandler lifted their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday. Santander started coverage on shares of Tyson Foods in a research note on Thursday, September 25th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.00.

Tyson Foods Stock Performance

Shares of TSN opened at $59.91 on Monday. The firm has a market cap of $21.15 billion, a price-to-earnings ratio of 45.05, a price-to-earnings-growth ratio of 1.37 and a beta of 0.47. The company’s fifty day moving average is $54.14 and its 200-day moving average is $54.85. The company has a quick ratio of 0.66, a current ratio of 1.55 and a debt-to-equity ratio of 0.43. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $64.36.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, November 10th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.85 by $0.30. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The firm had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.08 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. 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 153.38%.

Insider Activity at Tyson Foods

In other news, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value of $373,965.41. Following the transaction, the chief financial officer owned 31,833 shares of the company’s stock, valued at $1,820,529.27. This trade represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. This represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.03% of the stock is currently owned by insiders.

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.