CSM Advisors LLC Buys 27,842 Shares of Tyson Foods, Inc. $TSN

CSM Advisors LLC boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 13.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,628 shares of the company’s stock after buying an additional 27,842 shares during the period. CSM Advisors LLC owned 0.07% of Tyson Foods worth $12,843,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TSN. Norges Bank bought a new position in shares of Tyson Foods in the 2nd quarter worth approximately $246,055,000. AQR Capital Management LLC boosted its position in shares of Tyson Foods by 76.1% during the second quarter. AQR Capital Management LLC now owns 5,006,787 shares of the company’s stock valued at $277,326,000 after purchasing an additional 2,164,160 shares in the last quarter. Invesco Ltd. grew its stake in 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 grew its stake in 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 during the period. Finally, JPMorgan Chase & Co. raised its holdings in Tyson Foods by 73.4% in the third 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. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Shares of TSN stock opened at $60.30 on Friday. The company has a market capitalization of $21.23 billion, a price-to-earnings ratio of 107.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $66.41. The company’s 50-day moving average is $62.27 and its 200 day moving average is $57.63.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The firm had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. During the same period last year, the firm posted $1.14 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.51 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. Tyson Foods’s payout ratio is currently 364.29%.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. BMO Capital Markets increased their price target on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Barclays lifted their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Argus upgraded shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $64.27.

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.