Janus Henderson Group PLC Boosts Stake in Tyson Foods, Inc. $TSN

Key Points

• Janus Henderson Group more than doubled its Tyson Foods stake in the first quarter, acquiring 25,117 additional shares to hold 48,577 shares worth approximately $3.1 million.
• Institutional investors collectively own 67% of Tyson Foods, with several major funds—including Pzena Investment Management, Davis Selected Advisers and AQR Capital Management—also increasing their positions.
• Tyson reported quarterly EPS of $0.99, matching estimates, while revenue reached $13.87 billion. The company declared a quarterly dividend of $0.51 per share, representing a 3.5% annualized yield; analysts maintain a consensus “Hold” rating with a $70.67 price target.

Janus Henderson Group PLC lifted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 107.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,577 shares of the company's stock after acquiring an additional 25,117 shares during the period. Janus Henderson Group PLC's holdings in Tyson Foods were worth $3,112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pzena Investment Management LLC boosted its holdings in shares of Tyson Foods by 12.1% during the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company's stock valued at $1,099,167,000 after buying an additional 1,845,200 shares in the last quarter. State Street Corp lifted its position in Tyson Foods by 0.6% during the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company's stock valued at $764,309,000 after acquiring an additional 85,282 shares during the period. Davis Selected Advisers boosted its stake in Tyson Foods by 28.8% during the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company's stock worth $751,951,000 after acquiring an additional 2,865,413 shares in the last quarter. AQR Capital Management LLC grew its holdings in Tyson Foods by 20.6% in the fourth quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company's stock worth $475,669,000 after purchasing an additional 1,387,645 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Tyson Foods by 1.4% during the fourth quarter. Invesco Ltd. now owns 6,055,876 shares of the company's stock valued at $354,995,000 after purchasing an additional 83,861 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

TSN opened at $57.98 on Friday. The company's 50-day simple moving average is $57.92 and its two-hundred day simple moving average is $61.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.70 and a current ratio of 1.43. The stock has a market capitalization of $20.42 billion, a P/E ratio of 35.79, a P/E/G ratio of 1.25 and a beta of 0.40. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its 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 business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. As a group, analysts predict that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 1st. Tyson Foods's dividend payout ratio (DPR) is 125.93%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Tyson Foods from $71.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. HSBC cut their target price on Tyson Foods from $74.00 to $69.00 and set a "hold" rating on the stock in a research note on Wednesday, July 29th. Stephens lifted their price target on Tyson Foods from $65.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 5th. Bank of America dropped their price target on shares of Tyson Foods from $70.00 to $68.00 and set a "neutral" rating on the stock in a research note on Thursday, July 2nd. Finally, Weiss Ratings downgraded shares of Tyson Foods from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and a consensus price target of $70.67.

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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