Manning & Napier Advisors LLC Makes New Investment in Tyson Foods, Inc. $TSN

Manning & Napier Advisors LLC acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 53,406 shares of the company’s stock, valued at approximately $3,132,000.

A number of other institutional investors also recently bought and sold shares of the stock. Globeflex Capital L P bought a new stake in Tyson Foods during the second quarter valued at about $134,000. Great Lakes Advisors LLC purchased a new position in shares of Tyson Foods during the 2nd quarter valued at about $1,665,000. Foster & Motley Inc. bought a new position in shares of Tyson Foods during the 2nd quarter valued at approximately $411,000. Cary Street Partners Financial LLC grew its stake in shares of Tyson Foods by 21.5% during the 2nd quarter. Cary Street Partners Financial LLC now owns 76,583 shares of the company’s stock valued at $4,384,000 after acquiring an additional 13,570 shares during the period. Finally, Rosenberg Matthew Hamilton increased its holdings in Tyson Foods by 15.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,995 shares of the company’s stock worth $114,000 after acquiring an additional 260 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSN. Stephens lifted their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Piper Sandler reissued 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. JPMorgan Chase & Co. lowered their target price on shares of Tyson Foods from $71.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Finally, Bank of America cut their price target on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $70.67.

Tyson Foods Stock Performance

NYSE TSN opened at $57.22 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48. The business has a 50 day simple moving average of $57.96 and a two-hundred day simple moving average of $61.30. The stock has a market capitalization of $20.13 billion, a PE ratio of 35.32, a P/E/G ratio of 1.93 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 3rd. The company reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The firm had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same period in the prior year, the company earned $0.91 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts predict that Tyson Foods, Inc. will post 3.95 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $0.51 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. Tyson Foods’s payout ratio is 125.93%.

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.