Empowered Funds LLC Has $7.24 Million Stake in Tyson Foods, Inc. $TSN

Key Points

• Empowered Funds LLC increased its Tyson Foods stake by 42.9% in the first quarter, holding 112,953 shares valued at approximately $7.24 million. Institutional investors collectively own 67% of the company.
• Tyson Foods reported quarterly EPS of $0.99, matching analyst expectations, while revenue came in at $13.87 billion, slightly below forecasts and down 0.1% year over year.
• The company declared a quarterly dividend of $0.51 per share, or $2.04 annualized, representing a 3.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $70.67.

Empowered Funds LLC boosted its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 42.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,953 shares of the company's stock after buying an additional 33,895 shares during the quarter. Empowered Funds LLC's holdings in Tyson Foods were worth $7,237,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TSN. Cary Street Partners Investment Advisory LLC boosted its holdings in Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company's stock worth $30,000 after purchasing an additional 198 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Tyson Foods in the first quarter worth about $30,000. Cedar Mountain Advisors LLC lifted its position in shares of Tyson Foods by 293.5% in the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company's stock worth $31,000 after buying an additional 364 shares during the last quarter. Activest Wealth Management boosted its stake in shares of Tyson Foods by 3,842.9% during the 4th quarter. Activest Wealth Management now owns 552 shares of the company's stock worth $32,000 after acquiring an additional 538 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Tyson Foods by 110.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company's stock worth $40,000 after acquiring an additional 384 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Trading Up 3.1%

Shares of TSN stock opened at $58.13 on Friday. The company has a market capitalization of $20.45 billion, a P/E ratio of 35.88, a P/E/G ratio of 1.25 and a beta of 0.40. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $57.76 and a 200 day moving average price of $61.66.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. The firm had revenue of $13.87 billion during the quarter, compared to analysts' expectations of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The business's revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS. Research analysts forecast that Tyson Foods, Inc. will post 3.95 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be given a $0.51 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods's dividend payout ratio is currently 125.93%.

Analyst Ratings Changes

A number of brokerages have issued reports on TSN. HSBC decreased their target price on Tyson Foods from $74.00 to $69.00 and set a "hold" rating for the company in a research report on Wednesday, July 29th. Weiss Ratings cut shares of Tyson Foods from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, July 9th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Tyson Foods in a report on Tuesday, May 5th. Piper Sandler reiterated an "overweight" rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Finally, Stephens lifted their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $70.67.

About Tyson Foods

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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