Tyson Foods, Inc. $TSN Shares Purchased by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 31.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 495,030 shares of the company’s stock after purchasing an additional 119,862 shares during the period. Tyson Foods makes up about 2.3% of Matrix Asset Advisors Inc. NY’s portfolio, making the stock its 19th largest holding. Matrix Asset Advisors Inc. NY owned 0.14% of Tyson Foods worth $28,340,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TSN. Norges Bank bought a new stake in Tyson Foods during the fourth quarter worth approximately $308,297,000. Davis Selected Advisers lifted its position in shares of Tyson Foods by 28.8% in the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after purchasing an additional 2,865,413 shares in the last quarter. Life Cycle Investment Partners Ltd acquired a new stake in shares of Tyson Foods during the 4th quarter valued at $165,220,000. Pzena Investment Management LLC grew its stake in Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after purchasing an additional 1,845,200 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Tyson Foods by 34.4% in the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock valued at $363,852,000 after buying an additional 1,720,009 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Bank of America cut their price objective on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Stephens boosted their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Piper Sandler restated an “overweight” rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Finally, Weiss Ratings cut Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $70.67.

Tyson Foods Stock Down 1.0%

Shares of NYSE TSN opened at $55.87 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The firm has a 50 day moving average price of $57.78 and a 200 day moving average price of $61.73. The stock has a market cap of $19.66 billion, a P/E ratio of 34.49, a P/E/G ratio of 1.21 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $14.07 billion. During the same period in the prior year, the business earned $0.91 EPS. Tyson Foods’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts expect 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 Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is presently 125.93%.

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.