Janus Henderson Group PLC Acquires 25,117 Shares of Tyson Foods, Inc. $TSN

Janus Henderson Group PLC raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 107.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,577 shares of the company’s stock after purchasing an additional 25,117 shares during the period. Janus Henderson Group PLC’s holdings in Tyson Foods were worth $3,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in TSN. Quantinno Capital Management LP lifted its stake in shares of Tyson Foods by 5.2% during the 1st quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company’s stock worth $82,166,000 after acquiring an additional 63,885 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Tyson Foods by 2.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 609,977 shares of the company’s stock valued at $35,403,000 after purchasing an additional 14,858 shares during the period. Pzena Investment Management LLC raised its stake in Tyson Foods by 10.7% in the fourth quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock worth $897,502,000 after buying an additional 1,480,987 shares in the last quarter. Swiss National Bank raised its position in shares of Tyson Foods by 6.1% in the 1st quarter. Swiss National Bank now owns 830,700 shares of the company’s stock worth $53,223,000 after acquiring an additional 47,900 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Tyson Foods by 85.7% during the first quarter. Assenagon Asset Management S.A. now owns 892,807 shares of the company’s stock valued at $57,202,000 after buying an additional 412,100 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

TSN stock opened at $57.98 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.70. The business has a 50 day simple moving average of $57.92 and a 200-day simple moving average of $61.80. The firm has a market capitalization of $20.42 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 1.25 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.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. Equities research analysts anticipate that Tyson Foods, Inc. will post 3.95 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 125.93%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Bank of America lowered their price objective on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Sanford C. Bernstein cut their price objective on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday, July 2nd. Stephens lifted their price target on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their price objective on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Finally, Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Four equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $70.67.

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.