JPMorgan Chase & Co. Grows Stock Holdings in Tyson Foods, Inc. $TSN

JPMorgan Chase & Co. lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 73.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,879,219 shares of the company’s stock after purchasing an additional 795,710 shares during the quarter. JPMorgan Chase & Co. owned 0.53% of Tyson Foods worth $102,042,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after buying an additional 228 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Tyson Foods in the 3rd quarter valued at $28,000. MTM Investment Management LLC bought a new position in shares of Tyson Foods during the 2nd quarter valued at $36,000. Wilmington Savings Fund Society FSB raised its position in Tyson Foods by 89.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock worth $37,000 after purchasing an additional 322 shares during the period. Finally, Caldwell Trust Co bought a new stake in Tyson Foods in the third quarter worth $38,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

TSN opened at $62.11 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The stock has a market capitalization of $21.87 billion, a PE ratio of 110.90, a price-to-earnings-growth ratio of 1.36 and a beta of 0.47. The stock’s 50 day moving average price is $62.49 and its 200-day moving average price is $57.71. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $66.41.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results 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 net margin of 0.36% and a return on equity of 7.67%. The company had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter last year, the firm earned $1.14 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio is presently 364.29%.

Analyst Ratings Changes

TSN has been the topic of several analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. Barclays raised their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their price target on Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Finally, BMO Capital Markets lifted their target price on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average price target 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.