Tyson Foods, Inc. $TSN Shares Sold by Polaris Capital Management LLC

Key Points

• Polaris Capital Management cut its Tyson Foods stake by 13.1% in Q4, selling 71,000 shares and now holds 472,248 shares (about $27.68M), making TSN its 19th largest position.
• Tyson's latest quarter showed an EPS miss of $0.97 versus $1.01 expected while revenue beat at $14.31B (up 5.1% year-over-year); the company reported a net margin of 0.36% and ROE of 7.67%.
• The firm declared a quarterly dividend of $0.51 ($2.04 annual, 3.2% yield) but with a very high payout ratio of 364.29%, and analysts have an average rating of "Hold" with a $66.45 average price target.

Polaris Capital Management LLC cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 472,248 shares of the company's stock after selling 71,000 shares during the quarter. Tyson Foods accounts for 2.3% of Polaris Capital Management LLC's investment portfolio, making the stock its 19th largest position. Polaris Capital Management LLC owned approximately 0.13% of Tyson Foods worth $27,683,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Klingman & Associates LLC acquired a new stake in Tyson Foods during the 4th quarter worth approximately $201,000. Concurrent Investment Advisors LLC acquired a new stake in Tyson Foods during the 4th quarter worth approximately $234,000. Directional Asset Management acquired a new stake in Tyson Foods during the 4th quarter worth approximately $1,702,000. NBC Securities Inc. acquired a new stake in Tyson Foods during the 4th quarter worth approximately $239,000. Finally, Chicago Partners Investment Group LLC lifted its holdings in Tyson Foods by 18.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 20,002 shares of the company's stock worth $1,233,000 after buying an additional 3,182 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Down 1.9%

NYSE TSN opened at $64.01 on Friday. 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 firm's fifty day moving average price is $63.06 and its 200 day moving average price is $59.34. The company has a market capitalization of $22.54 billion, a price-to-earnings ratio of 114.30, a price-to-earnings-growth ratio of 1.41 and a beta of 0.44. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.04). The company had revenue of $14.31 billion during the quarter, compared to analysts' expectations of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $1.14 earnings per share. On average, sell-side analysts expect that Tyson Foods, Inc. will post 3.95 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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

Wall Street Analyst Weigh In

TSN has been the topic of a number of research reports. Argus upgraded shares of Tyson Foods to a "hold" rating in a report on Friday, February 6th. JPMorgan Chase & Co. dropped their price objective on shares of Tyson Foods from $67.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 24th. Barclays increased their price objective 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. Piper Sandler raised shares of Tyson Foods from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $61.00 to $75.00 in a research report on Monday, April 6th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Tyson Foods in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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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