JB Capital LLC Acquires 15,828 Shares of Tyson Foods, Inc. $TSN

JB Capital LLC lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 24.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,478 shares of the company’s stock after purchasing an additional 15,828 shares during the quarter. JB Capital LLC’s holdings in Tyson Foods were worth $4,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Perpetual Ltd raised its position in Tyson Foods by 1.1% in the 4th quarter. Perpetual Ltd now owns 22,986 shares of the company’s stock worth $1,347,000 after buying an additional 248 shares during the last quarter. Earned Wealth Advisors LLC purchased a new stake in shares of Tyson Foods during the 4th quarter valued at about $265,000. Matrix Asset Advisors Inc. NY grew its stake in shares of Tyson Foods by 2.5% in the fourth quarter. Matrix Asset Advisors Inc. NY now owns 372,014 shares of the company’s stock worth $21,807,000 after acquiring an additional 9,108 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Tyson Foods by 66.0% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,774 shares of the company’s stock worth $456,000 after acquiring an additional 3,091 shares during the period. Finally, Royal Fund Management LLC raised its holdings in shares of Tyson Foods by 14.1% during the fourth quarter. Royal Fund Management LLC now owns 61,494 shares of the company’s stock valued at $3,606,000 after purchasing an additional 7,585 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TSN shares. Mizuho assumed coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price objective on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 price target on shares of Tyson Foods in a report on Tuesday, February 3rd. Barclays raised their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Piper Sandler lifted their price objective on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $64.75.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $64.69 on Friday. 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 stock has a market capitalization of $22.78 billion, a PE ratio of 115.53, a price-to-earnings-growth ratio of 1.40 and a beta of 0.44. The firm’s 50 day moving average price is $63.15 and its 200-day moving average price is $58.28. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $66.41.

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

Tyson Foods Announces Dividend

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

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.