Picton Mahoney Asset Management Raises Stock Position in Tyson Foods, Inc. $TSN

Picton Mahoney Asset Management boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 82,061.1% in the third quarter, HoldingsChannel reports. The firm owned 14,789 shares of the company’s stock after acquiring an additional 14,771 shares during the period. Picton Mahoney Asset Management’s holdings in Tyson Foods were worth $803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its position in Tyson Foods by 55.3% in the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock worth $3,273,000 after acquiring an additional 20,888 shares during the period. Markel Group Inc. grew its position in shares of Tyson Foods by 4.0% during the 3rd quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock valued at $46,074,000 after acquiring an additional 32,500 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Tyson Foods by 73.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after purchasing an additional 795,710 shares in the last quarter. Liberty One Investment Management LLC increased its stake in shares of Tyson Foods by 32.1% in the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock worth $6,179,000 after purchasing an additional 27,627 shares in the last quarter. Finally, Polaris Capital Management LLC raised its holdings in Tyson Foods by 20.4% in the 3rd quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock worth $29,498,000 after purchasing an additional 91,900 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Trading Down 1.0%

Shares of TSN stock opened at $61.44 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 stock has a fifty day simple moving average of $62.08 and a two-hundred day simple moving average of $57.51. The firm has a market capitalization of $21.63 billion, a PE ratio of 109.71, a PEG ratio of 1.35 and a beta of 0.47. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $66.41.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). The business had revenue of $14.31 billion during 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%. Tyson Foods’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 earnings per share. On average, analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is 364.29%.

Analyst Ratings Changes

TSN has been the topic of several analyst reports. Barclays lifted their target price on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. BMO Capital Markets lifted their price objective on Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their price objective on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Piper Sandler increased their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $64.27.

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.