Grantham Mayo Van Otterloo & Co. LLC Has $3.32 Million Stock Holdings in Tyson Foods, Inc. $TSN

Key Points

• Grantham Mayo Van Otterloo & Co. cut its stake in Tyson Foods by 34.5% in Q3 and now holds 61,101 shares worth about $3.32 million.
• Analysts' consensus on TSN is a "Hold" with an average price target of $64.27; most firms rate it Hold (12) versus Buy (3), though some firms (e.g., Barclays) have raised targets up to $78.
• Tyson missed EPS estimates ($0.97 vs. $1.01) but beat revenue expectations ($14.31B), and declared a quarterly dividend of $0.51 (annualized $2.04) implying a ~3.3% yield and a very high payout ratio (364%).

Grantham Mayo Van Otterloo & Co. LLC decreased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 34.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 61,101 shares of the company's stock after selling 32,180 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Tyson Foods were worth $3,318,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position in Tyson Foods by 93.1% in the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company's stock valued at $26,000 after buying an additional 228 shares in the last quarter. Root Financial Partners LLC bought a new stake in Tyson Foods during the third quarter worth about $28,000. MTM Investment Management LLC acquired a new stake in shares of Tyson Foods during the second quarter worth approximately $36,000. Wilmington Savings Fund Society FSB raised its stake in shares of Tyson Foods by 89.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company's stock valued at $37,000 after acquiring an additional 322 shares during the last quarter. Finally, Caldwell Trust Co acquired a new position in shares of Tyson Foods in the 3rd quarter worth approximately $38,000. 67.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

TSN has been the topic of a number of research analyst reports. Weiss Ratings restated a "hold (c-)" rating on shares of Tyson Foods in a research report on Monday, December 29th. Argus raised Tyson Foods to a "hold" rating in a research note on Friday, February 6th. Piper Sandler increased their target price on Tyson Foods from $58.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, December 12th. Sanford C. Bernstein restated a "market perform" rating and issued a $69.00 target price on shares of Tyson Foods in a research note on Tuesday, February 3rd. Finally, Barclays lifted their price target on Tyson Foods from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average price target of $64.27.

Tyson Foods Stock Performance

TSN stock opened at $61.27 on Tuesday. The company has a 50 day moving average price of $62.14 and a 200 day moving average price of $57.55. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The stock has a market capitalization of $21.57 billion, a PE ratio of 109.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.47.

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 analysts' consensus estimates of $1.01 by ($0.04). The firm had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.14 earnings per share. Analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.51 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a yield of 3.3%. Tyson Foods's dividend payout ratio (DPR) is currently 364.29%.

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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