Rare Wolf Capital LLC Purchases New Stake in Tyson Foods, Inc. $TSN

Rare Wolf Capital LLC acquired a new position in Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 35,875 shares of the company’s stock, valued at approximately $2,103,000. Tyson Foods makes up 1.3% of Rare Wolf Capital LLC’s portfolio, making the stock its 15th largest position.

A number of other institutional investors have also recently bought and sold shares of TSN. Corient Private Wealth LLC grew its stake in Tyson Foods by 308.6% during the 4th quarter. Corient Private Wealth LLC now owns 288,189 shares of the company’s stock valued at $16,894,000 after acquiring an additional 217,652 shares in the last quarter. Ameriflex Group Inc. increased its holdings in shares of Tyson Foods by 31.0% in the 4th quarter. Ameriflex Group Inc. now owns 1,452 shares of the company’s stock valued at $85,000 after purchasing an additional 344 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Tyson Foods by 17.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 107,862 shares of the company’s stock worth $6,323,000 after purchasing an additional 16,069 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Tyson Foods in the fourth quarter worth approximately $1,205,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Tyson Foods by 266.3% during the fourth quarter. NewEdge Advisors LLC now owns 6,711 shares of the company’s stock worth $393,000 after purchasing an additional 4,879 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSN has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings lowered shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Stephens lifted their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Mizuho initiated coverage on shares of Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $78.00 price target (down from $80.00) on shares of Tyson Foods in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Tyson Foods currently has an average rating of “Hold” and a consensus price target of $68.09.

Tyson Foods Stock Down 1.3%

Shares of Tyson Foods stock opened at $55.48 on Friday. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 43.69, a P/E/G ratio of 1.13 and a beta of 0.38. The stock has a 50-day simple moving average of $63.05 and a 200-day simple moving average of $61.83. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week 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 released its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. On average, equities research analysts expect that Tyson Foods, Inc. will post 4.2 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s payout ratio is currently 160.63%.

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.