Davis Selected Advisers Acquires 2,865,413 Shares of Tyson Foods, Inc. $TSN

Davis Selected Advisers increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 28.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,827,540 shares of the company’s stock after purchasing an additional 2,865,413 shares during the period. Tyson Foods makes up 3.4% of Davis Selected Advisers’ portfolio, making the stock its 14th biggest position. Davis Selected Advisers’ holdings in Tyson Foods were worth $751,951,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Markel Group Inc. lifted its position in shares of Tyson Foods by 4.0% during the 3rd quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock valued at $46,074,000 after buying an additional 32,500 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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. Liberty One Investment Management LLC lifted its position in shares of Tyson Foods by 32.1% during the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock valued at $6,179,000 after buying an additional 27,627 shares in the last quarter. Polaris Capital Management LLC lifted its position in shares of Tyson Foods by 20.4% during the 3rd quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock valued at $29,498,000 after buying an additional 91,900 shares in the last quarter. Finally, Inscription Capital LLC lifted its position in shares of Tyson Foods by 262.9% during the 3rd quarter. Inscription Capital LLC now owns 26,964 shares of the company’s stock valued at $1,464,000 after buying an additional 19,533 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TSN. BMO Capital Markets lifted their price objective on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Piper Sandler raised Tyson Foods from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $61.00 to $75.00 in a report on Monday, April 6th. Sanford C. Bernstein reissued a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a report on Tuesday, February 3rd. Barclays boosted their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Finally, Argus raised Tyson Foods to a “hold” rating in a report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus price target of $66.45.

Tyson Foods Stock Down 0.5%

NYSE TSN opened at $63.76 on Friday. The stock’s 50 day moving average is $63.07 and its 200 day moving average is $59.65. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41. The stock has a market cap of $22.45 billion, a PE ratio of 113.85, a P/E/G ratio of 1.39 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The business had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 earnings per share. Research analysts predict that Tyson Foods, Inc. will post 3.95 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio is 364.29%.

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.