Applied Finance Capital Management LLC Boosts Holdings in Tyson Foods, Inc. (NYSE:TSN)

Applied Finance Capital Management LLC grew its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 511,745 shares of the company's stock after buying an additional 12,205 shares during the quarter. Applied Finance Capital Management LLC owned 0.14% of Tyson Foods worth $29,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Riverview Trust Co lifted its position in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after purchasing an additional 445 shares in the last quarter. Brooklyn Investment Group lifted its holdings in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after buying an additional 570 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after acquiring an additional 229 shares in the last quarter. TCTC Holdings LLC increased its position in shares of Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after acquiring an additional 387 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Tyson Foods in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Performance

TSN traded up $0.36 during trading on Friday, hitting $60.49. 2,121,808 shares of the stock were exchanged, compared to its average volume of 2,322,549. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The stock has a fifty day moving average price of $60.06 and a two-hundred day moving average price of $59.58. The firm has a market capitalization of $21.55 billion, a P/E ratio of 20.43, a PEG ratio of 0.74 and a beta of 0.62.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion for the quarter, compared to analysts' expectations of $13.46 billion. During the same period in the previous year, the company posted $0.69 EPS. The company's quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio is currently 67.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Barclays decreased their price target on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Finally, UBS Group started coverage on Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $61.10.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.