58,307 Shares in Tyson Foods, Inc. $TSN Acquired by Arnhold LLC

Arnhold LLC purchased a new position in Tyson Foods, Inc. (NYSE:TSN) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 58,307 shares of the company’s stock, valued at approximately $3,166,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Tyson Foods during the second quarter valued at about $246,055,000. Davis Selected Advisers raised its holdings in shares of Tyson Foods by 91.4% during the 2nd quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock valued at $501,025,000 after buying an additional 4,276,884 shares in the last quarter. AQR Capital Management LLC lifted its position in Tyson Foods by 76.1% in the 2nd quarter. AQR Capital Management LLC now owns 5,006,787 shares of the company’s stock worth $277,326,000 after buying an additional 2,164,160 shares during the last quarter. Invesco Ltd. boosted its stake in Tyson Foods by 36.0% in the second quarter. Invesco Ltd. now owns 5,864,131 shares of the company’s stock worth $328,039,000 after buying an additional 1,550,812 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Tyson Foods by 73.4% during the third 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. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 1.0%

NYSE TSN opened at $63.91 on Monday. The stock has a market cap of $22.50 billion, a P/E ratio of 114.13, a price-to-earnings-growth ratio of 1.41 and a beta of 0.48. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The stock has a 50 day simple moving average of $60.55 and a two-hundred day simple moving average of $56.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53.

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

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TSN shares. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Argus raised shares of Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Piper Sandler raised their price objective on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, BMO Capital Markets raised their price target on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.27.

Insider Transactions at Tyson Foods

In other Tyson Foods news, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the sale, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. The trade was a 17.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $58.05, for a total value of $5,822,473.05. Following the transaction, the chairman owned 2,989,415 shares in the company, valued at $173,535,540.75. This trade represents a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.11% of the company’s stock.

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.