Primecap Management Co. CA Grows Stock Position in Tyson Foods, Inc. $TSN

Primecap Management Co. CA boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 431,500 shares of the company’s stock after acquiring an additional 13,000 shares during the period. Primecap Management Co. CA’s holdings in Tyson Foods were worth $23,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TSN. Harbor Capital Advisors Inc. lifted its holdings in shares of 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 in the last quarter. Root Financial Partners LLC purchased a new position in shares of Tyson Foods during the 3rd quarter worth approximately $28,000. NewSquare Capital LLC raised its position in shares of Tyson Foods by 175.3% during the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after purchasing an additional 326 shares during the last quarter. MTM Investment Management LLC purchased a new stake in Tyson Foods in the 2nd quarter valued at approximately $36,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in Tyson Foods by 89.4% during the 3rd 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 during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 2.0%

TSN opened at $64.87 on Friday. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41. The business has a 50-day moving average of $61.63 and a two-hundred day moving average of $57.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The stock has a market capitalization of $22.84 billion, a price-to-earnings ratio of 115.85, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The company had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. During the same quarter in the previous year, the company earned $1.14 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. On average, research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share 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 dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. Tyson Foods’s payout ratio is currently 364.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSN. Sanford C. Bernstein reissued a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Argus upgraded shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Barclays lifted their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.27.

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.