JB Capital LLC Buys 15,828 Shares of Tyson Foods, Inc. $TSN

JB Capital LLC grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 24.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,478 shares of the company’s stock after buying an additional 15,828 shares during the period. JB Capital LLC’s holdings in Tyson Foods were worth $4,659,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in Tyson Foods by 76.1% during the 2nd quarter. AQR Capital Management LLC now owns 5,006,787 shares of the company’s stock worth $277,326,000 after acquiring an additional 2,164,160 shares during the period. Invesco Ltd. boosted its position in shares of 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 purchasing an additional 1,550,812 shares during the period. Two Sigma Investments LP increased its stake in shares of Tyson Foods by 877.2% in the third quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company’s stock worth $74,574,000 after purchasing an additional 1,232,835 shares in the last quarter. Davis Selected Advisers raised its position in shares of Tyson Foods by 11.2% during the 3rd quarter. Davis Selected Advisers now owns 9,962,127 shares of the company’s stock valued at $540,943,000 after purchasing an additional 1,005,661 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Tyson Foods by 73.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock valued at $102,042,000 after purchasing an additional 795,710 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on TSN shares. JPMorgan Chase & Co. dropped their target price on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, March 24th. Piper Sandler raised their price target on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Mizuho initiated coverage on Tyson Foods in a research report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective on the stock. Barclays upped their price objective on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.75.

Tyson Foods Price Performance

TSN stock opened at $64.69 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The company’s fifty day moving average price is $63.15 and its 200-day moving average price is $58.28. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $66.41. The company has a market capitalization of $22.78 billion, a PE ratio of 115.53, a price-to-earnings-growth ratio of 1.40 and a beta of 0.44.

Tyson Foods (NYSE:TSN) last posted its earnings results 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 company had revenue of $14.31 billion for the quarter, compared to analysts’ expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 earnings per share. On average, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

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

Tyson Foods 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.