Tyson Foods, Inc. $TSN Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Tyson Foods, Inc. (NYSE:TSN) by 73.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,879,219 shares of the company’s stock after buying an additional 795,710 shares during the quarter. JPMorgan Chase & Co. owned about 0.53% of Tyson Foods worth $102,042,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its holdings in Tyson Foods by 55.3% during the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock worth $3,273,000 after buying an additional 20,888 shares in the last quarter. Markel Group Inc. lifted its position in shares of Tyson Foods by 4.0% during the 3rd quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock valued at $46,074,000 after acquiring an additional 32,500 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Tyson Foods by 128.9% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 54,548 shares of the company’s stock worth $3,051,000 after acquiring an additional 30,713 shares in the last quarter. Liberty One Investment Management LLC grew its holdings in shares of Tyson Foods by 32.1% in the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock worth $6,179,000 after acquiring an additional 27,627 shares during the last quarter. Finally, Polaris Capital Management LLC raised its position in shares of Tyson Foods by 20.4% during the third quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock worth $29,498,000 after purchasing an additional 91,900 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Down 1.0%

Shares of Tyson Foods stock opened at $63.71 on Monday. The stock has a 50-day simple moving average of $61.14 and a 200-day simple moving average of $57.06. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $66.41. The firm has a market cap of $22.43 billion, a price-to-earnings ratio of 113.76, a P/E/G ratio of 1.41 and a beta of 0.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data 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). 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 period in the previous year, the business posted $1.14 EPS. On average, equities research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 yield of 3.2%. The ex-dividend date is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is 364.29%.

Analyst Ratings Changes

A number of research firms recently weighed in on TSN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Argus upgraded shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. Barclays lifted their target price on shares of 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. boosted their price target on shares of Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Finally, BMO Capital Markets raised their price objective 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 assigned a Hold rating to the company. According to MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $64.27.

Insider Transactions at Tyson Foods

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

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.