Primecap Management Co. CA Purchases 8,700 Shares of Tyson Foods, Inc. (NYSE:TSN)

Primecap Management Co. CA lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 442,400 shares of the company's stock after purchasing an additional 8,700 shares during the quarter. Primecap Management Co. CA owned 0.12% of Tyson Foods worth $25,411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TSN. Riverview Trust Co grew its holdings in Tyson Foods by 3,423.1% during the 4th quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after acquiring an additional 445 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after acquiring an additional 570 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods in the third quarter valued at approximately $36,000. SRS Capital Advisors Inc. increased its position in Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after purchasing an additional 229 shares during the period. Finally, TCTC Holdings LLC lifted its position in shares of Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after purchasing an additional 387 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

TSN has been the subject of a number of analyst reports. Citigroup lowered their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. UBS Group assumed coverage on Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective on the stock. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Barclays dropped their price target on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Finally, Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a research report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $61.10.

Tyson Foods Stock Down 0.1 %

TSN traded down $0.04 during trading on Monday, hitting $60.39. 2,453,495 shares of the company's stock were exchanged, compared to its average volume of 2,152,183. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The stock has a market cap of $21.51 billion, a P/E ratio of 20.40, a PEG ratio of 0.74 and a beta of 0.72. The business's 50 day moving average is $58.55 and its two-hundred day moving average is $59.69. 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 (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates 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 was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. As a group, equities analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal 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 of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. Tyson Foods's payout ratio is 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.