Trilogy Capital Inc. Increases Stake in Tyson Foods, Inc. $TSN

Key Points

• Trilogy Capital Inc. increased its stake in Tyson Foods by 1,402.5% in Q4, adding 56,449 shares to hold 60,474 shares worth about $3.545 million, per its latest 13F filing.
• Other major institutions (AQR, Two Sigma, Davis Selected Advisers, JPMorgan, etc.) also materially raised positions, and hedge funds/institutions now own roughly 67% of TSN.
• Tyson missed EPS estimates with $0.97 per share for the quarter while revenue of $14.31B beat expectations, and the company announced a quarterly dividend of $0.51 (annualized $2.04, ~3.1% yield).

Trilogy Capital Inc. increased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 1,402.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,474 shares of the company's stock after purchasing an additional 56,449 shares during the period. Trilogy Capital Inc.'s holdings in Tyson Foods were worth $3,545,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TSN. AQR Capital Management LLC boosted its stake in shares of Tyson Foods by 76.1% in the 2nd quarter. AQR Capital Management LLC now owns 5,006,787 shares of the company's stock valued at $277,326,000 after purchasing an additional 2,164,160 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Tyson Foods by 877.2% in the 3rd quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company's stock valued at $74,574,000 after purchasing an additional 1,232,835 shares in the last quarter. Davis Selected Advisers boosted its stake 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 valued at $540,943,000 after purchasing an additional 1,005,661 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Tyson Foods by 73.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company's stock valued at $102,042,000 after purchasing an additional 795,710 shares in the last quarter. Finally, Caisse de depot et placement du Quebec boosted its stake in shares of Tyson Foods by 34.2% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,746,120 shares of the company's stock valued at $94,814,000 after purchasing an additional 445,018 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Up 1.2%

Shares of NYSE TSN opened at $65.40 on Friday. 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, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41. The firm has a market capitalization of $23.02 billion, a PE ratio of 116.78, a price-to-earnings-growth ratio of 1.40 and a beta of 0.44. The firm has a fifty day simple moving average of $63.14 and a two-hundred day simple moving average of $58.55.

Tyson Foods (NYSE:TSN - Get Free Report) last issued 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 return on equity of 7.67% and a net margin of 0.36%.The company had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter last year, the company posted $1.14 earnings per share. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 3.1%. Tyson Foods's dividend payout ratio is 364.29%.

Analyst Ratings Changes

TSN has been the subject of a number of research reports. Argus raised shares of Tyson Foods to a "hold" rating in a research note on Friday, February 6th. Barclays increased their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the company an "overweight" rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of Tyson Foods from $67.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, March 24th. Piper Sandler raised shares of Tyson Foods from a "neutral" rating to an "overweight" rating and increased their price target for the company from $61.00 to $75.00 in a research report on Monday. Finally, Mizuho began coverage on shares of Tyson Foods in a research report on Thursday, March 26th. They set an "outperform" rating and a $72.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $65.92.

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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