Fox Run Management L.L.C. Purchases 8,877 Shares of Tyson Foods, Inc. (NYSE:TSN)

Fox Run Management L.L.C. increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 55.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,936 shares of the company's stock after buying an additional 8,877 shares during the quarter. Fox Run Management L.L.C.'s holdings in Tyson Foods were worth $1,432,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock valued at $67,917,000 after purchasing an additional 352,863 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Tyson Foods by 17.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after buying an additional 729 shares during the period. Sound Income Strategies LLC raised its position in Tyson Foods by 14.0% in the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock worth $3,248,000 after acquiring an additional 6,955 shares in the last quarter. Empowered Funds LLC boosted its holdings in Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after buying an additional 18,059 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of Tyson Foods during the 4th quarter valued at $775,000. 67.00% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

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

Tyson Foods Stock Performance

TSN stock traded down $0.05 during midday trading on Tuesday, hitting $60.32. The stock had a trading volume of 406,918 shares, compared to its average volume of 2,151,757. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a 50-day simple moving average of $58.65 and a 200 day simple moving average of $59.66. The firm has a market capitalization of $21.49 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. As a group, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.32%. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

Tyson Foods 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.