Miller Global Investments LLC Takes Position in Tyson Foods, Inc. $TSN

Miller Global Investments LLC bought a new stake in Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,339 shares of the company’s stock, valued at approximately $547,000.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in Tyson Foods by 15.6% in the first quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock worth $1,792,000 after purchasing an additional 3,788 shares during the period. Woodline Partners LP increased its holdings in Tyson Foods by 40.8% in the 1st quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock valued at $1,543,000 after buying an additional 7,011 shares during the period. Focus Partners Wealth increased its holdings in Tyson Foods by 84.0% in the 1st quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock valued at $804,000 after buying an additional 5,749 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Tyson Foods by 100.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock valued at $414,000 after buying an additional 3,702 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Tyson Foods by 9.3% in the 2nd quarter. Cetera Investment Advisers now owns 66,307 shares of the company’s stock valued at $3,709,000 after buying an additional 5,615 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of TSN stock opened at $59.00 on Friday. The stock has a 50-day moving average price of $62.62 and a 200 day moving average price of $57.74. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 105.35, a PEG ratio of 1.35 and a beta of 0.47. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41.

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

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is 364.29%.

Wall Street Analyst Weigh In

A number of brokerages have commented on TSN. Piper Sandler raised their price target on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Barclays upped their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $69.00 target price on shares of Tyson Foods in a report on Tuesday, February 3rd. 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 research report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $64.27.

About Tyson Foods

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.