Davis Selected Advisers Boosts Position in Tyson Foods, Inc. $TSN

Key Points

• Davis Selected Advisers boosted its stake in Tyson Foods by 28.8% in Q4, adding 2,865,413 shares to hold 12,827,540 shares valued at about $751.95 million, with TSN representing 3.4% of the firm's portfolio.
• Tyson's most recent quarter showed a $0.97 EPS that missed the $1.01 consensus while revenue rose 5.1% year-over-year to $14.31 billion; net margin was 0.36% and ROE 7.67%.
• The company declared a $0.51 quarterly dividend (annualized $2.04, ~3.2% yield, ex-dividend June 1), and analysts hold a mixed view—consensus rating is Hold with an average target of $66.45 and individual price targets ranging roughly $65–$78.

Davis Selected Advisers boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,827,540 shares of the company's stock after purchasing an additional 2,865,413 shares during the quarter. Tyson Foods makes up 3.4% of Davis Selected Advisers' portfolio, making the stock its 14th biggest holding. Davis Selected Advisers owned 3.63% of Tyson Foods worth $751,951,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Markel Group Inc. raised its holdings in shares of Tyson Foods by 4.0% in the third quarter. Markel Group Inc. now owns 848,500 shares of the company's stock valued at $46,074,000 after buying an additional 32,500 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Tyson Foods by 73.4% in the third quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company's stock valued at $102,042,000 after buying an additional 795,710 shares during the last quarter. Liberty One Investment Management LLC raised its holdings in shares of Tyson Foods by 32.1% in the third quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company's stock valued at $6,179,000 after buying an additional 27,627 shares during the last quarter. Polaris Capital Management LLC raised its holdings in shares of Tyson Foods by 20.4% in the third quarter. Polaris Capital Management LLC now owns 543,248 shares of the company's stock valued at $29,498,000 after buying an additional 91,900 shares during the last quarter. Finally, Inscription Capital LLC raised its holdings in shares of Tyson Foods by 262.9% in the third quarter. Inscription Capital LLC now owns 26,964 shares of the company's stock valued at $1,464,000 after buying an additional 19,533 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Tyson Foods stock opened at $63.76 on Friday. The firm has a market capitalization of $22.45 billion, a P/E ratio of 113.85, a PEG ratio of 1.39 and a beta of 0.40. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $66.41. The business has a 50-day moving average of $63.07 and a 200-day moving average of $59.65. The company has a current ratio of 1.53, a quick ratio of 0.66 and a debt-to-equity ratio of 0.41.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share 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 business had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter last year, the firm earned $1.14 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, June 1st. Tyson Foods's payout ratio is 364.29%.

Analyst Ratings Changes

TSN has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price objective on Tyson Foods from $67.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, March 24th. Argus upgraded Tyson Foods to a "hold" rating in a research report on Friday, February 6th. Mizuho initiated coverage on Tyson Foods in a research report on Thursday, March 26th. They issued an "outperform" rating and a $72.00 price objective for the company. BMO Capital Markets lifted their price objective on Tyson Foods from $67.00 to $73.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 3rd. Finally, Barclays lifted their price objective on Tyson Foods from $75.00 to $78.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $66.45.

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.

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