Tyson Foods, Inc. $TSN Shares Acquired by Davis Selected Advisers

Davis Selected Advisers increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 11.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,962,127 shares of the company’s stock after purchasing an additional 1,005,661 shares during the period. Tyson Foods accounts for about 2.8% of Davis Selected Advisers’ holdings, making the stock its 13th biggest holding. Davis Selected Advisers’ holdings in Tyson Foods were worth $540,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TSN. Harbor Capital Advisors Inc. raised its position in Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after purchasing an additional 228 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Tyson Foods in the third quarter worth about $28,000. Wilmington Savings Fund Society FSB grew its stake in shares of Tyson Foods by 89.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock valued at $37,000 after buying an additional 322 shares in the last quarter. Caldwell Trust Co acquired a new stake in shares of Tyson Foods in the third quarter valued at about $38,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Tyson Foods by 110.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock valued at $40,000 after buying an additional 384 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on TSN shares. JPMorgan Chase & Co. upped their price target on Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Barclays lifted their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. BMO Capital Markets upped their target price on shares of Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Argus raised shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. Finally, Piper Sandler boosted their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $64.27.

Tyson Foods Stock Performance

Shares of TSN opened at $61.17 on Thursday. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of 109.23, a PEG ratio of 1.37 and a beta of 0.47. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $62.59 and its two-hundred day moving average is $57.73. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $66.41.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The company had revenue of $14.31 billion for the quarter, compared to analyst estimates of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 EPS. Analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

Tyson Foods 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.