Arvest Bank Trust Division Grows Stake in Tyson Foods, Inc. $TSN

Arvest Bank Trust Division increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 147.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,170 shares of the company’s stock after buying an additional 10,225 shares during the quarter. Arvest Bank Trust Division’s holdings in Tyson Foods were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its holdings in shares of Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after buying an additional 1,845,200 shares during the last quarter. State Street Corp increased its position in shares of Tyson Foods by 0.6% in the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after acquiring an additional 85,282 shares during the period. Davis Selected Advisers increased its position in shares of Tyson Foods by 28.8% in the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock valued at $751,951,000 after acquiring an additional 2,865,413 shares during the period. AQR Capital Management LLC raised its stake in Tyson Foods by 20.6% in the 4th quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock worth $475,669,000 after acquiring an additional 1,387,645 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Tyson Foods by 1.4% in the 4th quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock worth $354,995,000 after acquiring an additional 83,861 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $57.01 on Wednesday. The stock has a market capitalization of $20.07 billion, a P/E ratio of 44.89, a PEG ratio of 1.19 and a beta of 0.40. The business has a 50 day simple moving average of $59.60 and a two-hundred day simple moving average of $61.78. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $69.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same period last year, the firm posted $0.92 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts predict that Tyson Foods, Inc. will post 4.12 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is 160.63%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Mizuho began coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target for the company. Weiss Ratings cut shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. dropped their price objective on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average target price of $69.56.

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.