Thomist Capital Management LP Has $6.03 Million Stock Holdings in Tyson Foods, Inc. $TSN

Thomist Capital Management LP raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 615.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 109,100 shares of the company’s stock after buying an additional 93,845 shares during the period. Tyson Foods comprises about 1.9% of Thomist Capital Management LP’s portfolio, making the stock its 10th biggest position. Thomist Capital Management LP’s holdings in Tyson Foods were worth $6,027,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TSN. State of Alaska Department of Revenue boosted its position in Tyson Foods by 70.5% during the second quarter. State of Alaska Department of Revenue now owns 57,141 shares of the company’s stock valued at $3,195,000 after acquiring an additional 23,625 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Tyson Foods by 66.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 332,578 shares of the company’s stock worth $18,604,000 after acquiring an additional 132,947 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Tyson Foods by 128.9% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 54,548 shares of the company’s stock worth $3,051,000 after purchasing an additional 30,713 shares in the last quarter. Pzena Investment Management LLC raised its position in Tyson Foods by 3.4% in the 2nd 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 last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Tyson Foods by 7.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 93,491 shares of the company’s stock worth $5,230,000 after acquiring an additional 6,875 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

NYSE TSN opened at $57.35 on Wednesday. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $64.56. The firm has a market cap of $20.25 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 0.85 and a beta of 0.56. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $53.65 and its 200-day moving average is $54.76.

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, topping the consensus estimate of $0.85 by $0.30. Tyson Foods had a return on equity of 7.49% and a net margin of 1.45%.The firm had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.08 billion. During the same quarter 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. Sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.51 per share. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio (DPR) is currently 153.38%.

Tyson Foods announced that its board has authorized a stock repurchase plan on Thursday, August 7th that allows the company to repurchase 43,000,000 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSN. JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price objective for the company. Bank of America decreased their price target 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Santander initiated coverage on shares of Tyson Foods in a report on Thursday, September 25th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $60.75.

Insider Transactions at Tyson Foods

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

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.