Vinva Investment Management Ltd Increases Holdings in Tyson Foods, Inc. $TSN

Vinva Investment Management Ltd raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 111.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 387,714 shares of the company’s stock after buying an additional 204,482 shares during the quarter. Vinva Investment Management Ltd’s holdings in Tyson Foods were worth $21,070,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Harbor Capital Advisors Inc. lifted its stake in 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. Root Financial Partners LLC purchased a new position in Tyson Foods in the third quarter valued at approximately $28,000. MTM Investment Management LLC acquired a new stake in Tyson Foods during the second quarter worth approximately $36,000. Wilmington Savings Fund Society FSB raised its holdings in Tyson Foods by 89.4% during the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock worth $37,000 after purchasing an additional 322 shares in the last quarter. Finally, Caldwell Trust Co purchased a new stake in shares of Tyson Foods during the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN opened at $61.44 on Friday. The company’s 50 day simple moving average is $62.08 and its 200-day simple moving average is $57.51. The firm has a market cap of $21.63 billion, a PE ratio of 109.71, a price-to-earnings-growth ratio of 1.35 and a beta of 0.47. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-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.

Tyson Foods (NYSE:TSN) last released 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 business had revenue of $14.31 billion during 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 firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 EPS. As a group, equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

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

Analyst Upgrades and Downgrades

TSN has been the subject of several research analyst reports. Piper Sandler upped their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. BMO Capital Markets boosted their price target on shares of Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Argus upgraded shares of Tyson Foods to a “hold” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. raised their price objective on Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.