Davis Selected Advisers Has $176.96 Million Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Davis Selected Advisers lessened its position in Tyson Foods, Inc. (NYSE:TSN) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,080,686 shares of the company’s stock after selling 30,891 shares during the period. Tyson Foods accounts for about 1.0% of Davis Selected Advisers’ portfolio, making the stock its 23rd biggest holding. Davis Selected Advisers owned about 0.87% of Tyson Foods worth $176,955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Riverview Trust Co increased its holdings in Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares in the last quarter. Catalyst Capital Advisors LLC boosted its position in Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after buying an additional 210 shares during the period. Brooklyn Investment Group boosted its position in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods during the 3rd quarter worth approximately $36,000. Finally, SRS Capital Advisors Inc. increased its holdings in Tyson Foods by 58.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after purchasing an additional 229 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Up 1.3 %

NYSE:TSN opened at $61.30 on Friday. Tyson Foods, Inc. has a 12 month low of $53.59 and a 12 month high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 0.74 and a beta of 0.72. The firm has a fifty day simple moving average of $57.74 and a two-hundred day simple moving average of $60.00.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. During the same period last year, the business posted $0.69 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, May 30th. Tyson Foods’s payout ratio is 67.57%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. UBS Group assumed coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. BMO Capital Markets lifted their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup cut their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.