Caprock Group LLC Grows Holdings in Tyson Foods, Inc. $TSN

Key Points

• Caprock Group LLC increased its stake in Tyson Foods by 82% in Q4, buying 24,696 shares to hold 54,819 shares valued at $3.214 million.
• Tyson announced a quarterly dividend of $0.51 per share (annualized $2.04), implying a 3.1% yield, though the dividend payout ratio is unusually high at 364.29%.
• Tyson reported $0.97 EPS for the quarter (missing estimates by $0.04) with revenue of $14.31 billion (above expectations); the stock carries a consensus "Hold" rating and a $66.45 target.

Caprock Group LLC lifted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 82.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,819 shares of the company's stock after buying an additional 24,696 shares during the quarter. Caprock Group LLC's holdings in Tyson Foods were worth $3,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp grew its position in shares of Tyson Foods by 0.6% in the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company's stock worth $764,309,000 after buying an additional 85,282 shares during the period. Pzena Investment Management LLC grew its position in shares of Tyson Foods by 0.9% in the 3rd quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company's stock worth $750,943,000 after buying an additional 120,826 shares during the period. Davis Selected Advisers grew its position in shares of Tyson Foods by 11.2% in the 3rd quarter. Davis Selected Advisers now owns 9,962,127 shares of the company's stock worth $540,943,000 after buying an additional 1,005,661 shares during the period. AQR Capital Management LLC grew its position in shares of Tyson Foods by 34.4% in the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company's stock worth $363,852,000 after buying an additional 1,720,009 shares during the period. Finally, Invesco Ltd. grew its position in shares of Tyson Foods by 1.8% in the 3rd quarter. Invesco Ltd. now owns 5,972,015 shares of the company's stock worth $324,280,000 after buying an additional 107,884 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of TSN stock opened at $65.24 on Friday. 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 $63.06 and its 200 day moving average is $59.27. The company has a market capitalization of $22.97 billion, a price-to-earnings ratio of 116.51, a price-to-earnings-growth ratio of 1.40 and a beta of 0.44. 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 (NYSE:TSN - Get Free Report) 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). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm had revenue of $14.31 billion for the quarter, compared to analysts' expectations of $14.11 billion. During the same period last year, the company posted $1.14 earnings per share. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts expect 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 Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a yield of 3.1%. Tyson Foods's dividend payout ratio is currently 364.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Piper Sandler raised shares of Tyson Foods from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $61.00 to $75.00 in a research report on Monday, April 6th. BMO Capital Markets increased their price objective on shares of Tyson Foods from $67.00 to $73.00 and gave the company an "outperform" rating in a research report on Tuesday, February 3rd. Argus raised shares of Tyson Foods to a "hold" rating in a research report on Friday, February 6th. Weiss Ratings reissued a "hold (c-)" rating on shares of Tyson Foods in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Tyson Foods from $67.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 24th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $66.45.

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.

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