Tyson Foods, Inc. $TSN Shares Bought by Davis Selected Advisers

Davis Selected Advisers increased its position in Tyson Foods, Inc. (NYSE:TSN) by 11.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,962,127 shares of the company’s stock after buying an additional 1,005,661 shares during the period. Tyson Foods comprises 2.8% of Davis Selected Advisers’ portfolio, making the stock its 13th largest holding. Davis Selected Advisers owned approximately 2.82% of Tyson Foods worth $540,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. CIBC Private Wealth Group LLC grew its stake in Tyson Foods by 10.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after acquiring an additional 179 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its stake in shares of Tyson Foods by 10.0% during the 3rd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,200 shares of the company’s stock worth $119,000 after purchasing an additional 200 shares during the period. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Tyson Foods by 1.2% during the third quarter. Focus Partners Advisor Solutions LLC now owns 18,074 shares of the company’s stock worth $975,000 after purchasing an additional 210 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after purchasing an additional 228 shares during the last quarter. Finally, Unison Advisors LLC grew its position in shares of Tyson Foods by 0.9% in the third quarter. Unison Advisors LLC now owns 26,669 shares of the company’s stock valued at $1,448,000 after purchasing an additional 236 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $61.17 on Thursday. The business’s fifty day moving average price is $62.59 and its 200 day moving average price is $57.73. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $66.41. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $21.54 billion, a P/E ratio of 109.23, a PEG ratio of 1.37 and a beta of 0.47.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $14.31 billion for the quarter, compared to analyst estimates of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. As a group, research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.51 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a yield of 3.3%. Tyson Foods’s dividend payout ratio (DPR) is presently 364.29%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Argus upgraded Tyson Foods to a “hold” rating in a report on Friday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Piper Sandler increased their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Barclays raised their target price on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $64.27.

About Tyson Foods

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.