Grantham Mayo Van Otterloo & Co. LLC Has $3.32 Million Holdings in Tyson Foods, Inc. $TSN

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in Tyson Foods, Inc. (NYSE:TSN) by 34.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,101 shares of the company’s stock after selling 32,180 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Tyson Foods were worth $3,318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Tyson Foods in the second quarter valued at approximately $246,055,000. Davis Selected Advisers boosted its stake in Tyson Foods by 91.4% in the second quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock valued at $501,025,000 after acquiring an additional 4,276,884 shares during the last quarter. AQR Capital Management LLC grew its holdings in Tyson Foods by 76.1% during the 2nd quarter. AQR Capital Management LLC now owns 5,006,787 shares of the company’s stock worth $277,326,000 after acquiring an additional 2,164,160 shares during the period. Invesco Ltd. raised its position in shares of Tyson Foods by 36.0% during the 2nd quarter. Invesco Ltd. now owns 5,864,131 shares of the company’s stock valued at $328,039,000 after acquiring an additional 1,550,812 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Tyson Foods by 73.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock valued at $102,042,000 after acquiring an additional 795,710 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Price Performance

Shares of TSN stock opened at $61.27 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $66.41. The firm has a fifty day moving average of $62.14 and a 200-day moving average of $57.55. The firm has a market capitalization of $21.57 billion, a price-to-earnings ratio of 109.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.47.

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

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

Analysts Set New Price Targets

TSN has been the topic of several recent research reports. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. Argus upgraded Tyson Foods to a “hold” rating in a report on Friday, February 6th. Piper Sandler increased their target price on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. raised their target price on Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $64.27.

Tyson Foods Company 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.