Mirae Asset Global Investments Co. Ltd. Grows Stake in Tyson Foods, Inc. $TSN

Mirae Asset Global Investments Co. Ltd. raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 20.6% during the fourth quarter, Holdings Channel reports. The fund owned 47,636 shares of the company’s stock after buying an additional 8,130 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Tyson Foods were worth $2,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in shares of Tyson Foods by 34.4% during 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. Two Sigma Investments LP lifted its stake in shares of Tyson Foods by 877.2% during the 3rd quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company’s stock valued at $74,574,000 after buying an additional 1,232,835 shares in the last quarter. Davis Selected Advisers lifted its stake in shares of Tyson Foods by 11.2% during the 3rd quarter. Davis Selected Advisers now owns 9,962,127 shares of the company’s stock valued at $540,943,000 after buying an additional 1,005,661 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Tyson Foods by 73.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock valued at $102,042,000 after buying an additional 795,710 shares in the last quarter. Finally, Caisse de depot et placement du Quebec increased its holdings in Tyson Foods by 34.2% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,746,120 shares of the company’s stock worth $94,814,000 after acquiring an additional 445,018 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $64.51 on Thursday. The company’s fifty day moving average price is $63.02 and its 200-day moving average price is $59.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The firm has a market capitalization of $22.71 billion, a price-to-earnings ratio of 115.19, a PEG ratio of 1.40 and a beta of 0.44. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $66.41.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share 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 analysts’ expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.95 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders 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 annualized dividend and a dividend yield of 3.2%. Tyson Foods’s dividend payout ratio (DPR) is 364.29%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a report on Tuesday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. BMO Capital Markets upped 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. Mizuho assumed coverage on shares of Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 target price on the stock. Finally, Piper Sandler raised shares of Tyson Foods from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $61.00 to $75.00 in a report on Monday, April 6th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average target price of $66.45.

Tyson Foods Company 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.