North Dakota State Investment Board Buys New Stake in Tyson Foods, Inc. $TSN

North Dakota State Investment Board bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,623 shares of the company’s stock, valued at approximately $564,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSN. Davis Selected Advisers increased its stake in Tyson Foods by 28.8% during the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after buying an additional 2,865,413 shares during the period. AQR Capital Management LLC increased its stake in Tyson Foods by 34.4% during the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after buying an additional 1,720,009 shares during the period. Two Sigma Investments LP increased its stake in Tyson Foods by 877.2% during the 3rd quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company’s stock worth $74,574,000 after buying an additional 1,232,835 shares during the period. JPMorgan Chase & Co. increased its stake in Tyson Foods by 73.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after buying an additional 795,710 shares during the period. Finally, Caisse de depot et placement du Quebec increased its stake 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 buying an additional 445,018 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

TSN has been the topic of several analyst reports. Mizuho initiated coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target on the stock. Argus raised shares of Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $80.00 price target on shares of Tyson Foods in a research note on Monday, May 4th. Stephens lifted their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Five research 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, the stock currently has an average rating of “Hold” and an average target price of $68.27.

Tyson Foods Price Performance

TSN opened at $66.44 on Friday. The company has a 50-day moving average of $64.19 and a 200-day moving average of $61.13. The company has a market capitalization of $23.40 billion, a P/E ratio of 52.31, a PEG ratio of 1.37 and a beta of 0.40. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. Equities analysts expect that Tyson Foods, Inc. will post 4.1 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. Tyson Foods’s payout ratio is presently 160.63%.

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.