United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $1.64 Million Investment in Tyson Foods, Inc. $TSN

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Tyson Foods, Inc. (NYSE:TSN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,000 shares of the company’s stock, valued at approximately $1,641,000.

A number of other large investors have also modified their holdings of TSN. Davis Selected Advisers grew its stake in shares of Tyson Foods by 28.8% during the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after acquiring an additional 2,865,413 shares during the last quarter. Life Cycle Investment Partners Ltd purchased a new stake in shares of Tyson Foods during the fourth quarter worth about $165,220,000. AQR Capital Management LLC grew its stake in shares of Tyson Foods by 34.4% during the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after acquiring an additional 1,720,009 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of Tyson Foods by 10.7% during the fourth quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock worth $897,502,000 after acquiring an additional 1,480,987 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Tyson Foods by 877.2% during the third quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company’s stock worth $74,574,000 after acquiring an additional 1,232,835 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the topic of a number of research analyst reports. Stephens boosted their price target on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. Barclays upped their target price on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Wall Street Zen upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.27.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $61.20 on Friday. The business’s 50 day moving average price is $64.55 and its 200 day moving average price is $61.57. The firm has a market cap of $21.55 billion, a P/E ratio of 48.19, a P/E/G ratio of 1.27 and a beta of 0.40. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Tyson Foods’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, sell-side analysts expect that Tyson Foods, Inc. will post 4.1 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is currently 160.63%.

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.