Yacktman Asset Management LP Has $153.24 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

Yacktman Asset Management LP lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,667,814 shares of the company’s stock after selling 163,666 shares during the period. Tyson Foods accounts for 1.8% of Yacktman Asset Management LP’s portfolio, making the stock its 22nd largest holding. Yacktman Asset Management LP owned about 0.75% of Tyson Foods worth $153,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after purchasing an additional 352,863 shares in the last quarter. Sound Income Strategies LLC lifted its position in Tyson Foods by 14.0% during the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after buying an additional 6,955 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in Tyson Foods by 517.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock worth $8,114,000 after acquiring an additional 114,179 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Tyson Foods in the 4th quarter valued at about $775,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Tyson Foods in the third quarter worth about $1,036,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Wes Morris sold 25,080 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $64.71, for a total value of $1,622,926.80. Following the sale, the insider now directly owns 10,625 shares of the company’s stock, valued at approximately $687,543.75. The trade was a 70.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the transaction, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,814 shares of company stock worth $26,450,955 in the last 90 days. Corporate insiders own 2.03% of the company’s stock.

Tyson Foods Stock Down 0.4 %

Tyson Foods stock opened at $57.69 on Tuesday. Tyson Foods, Inc. has a fifty-two week low of $51.16 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 0.95. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 0.72 and a beta of 0.80. The company’s 50 day simple moving average is $58.14 and its 200 day simple moving average is $60.24.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TSN shares. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. Stephens raised their price target on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. UBS Group began coverage on Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. Finally, BMO Capital Markets upped their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Tyson Foods has an average rating of “Hold” and an average target price of $61.10.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.