Victory Capital Management Inc. Grows Stock Holdings in Tyson Foods, Inc. $TSN

Key Points

• Victory Capital Management increased its stake in Tyson Foods by 40.9% in the quarter to 504,164 shares (about $27.38M), leaving institutional investors owning roughly 67% of the stock.
• Tyson's latest quarter showed $0.97 EPS (a $0.04 miss) while revenue beat at $14.31B, and the company declared a $0.51 quarterly dividend (annualized $2.04, ~3.3% yield) with a payout ratio of 364%.
• Analyst sentiment is broadly a Hold, with a consensus price target of $64.27 after several firms raised targets into the mid‑$60s.

Victory Capital Management Inc. lifted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 40.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 504,164 shares of the company's stock after purchasing an additional 146,445 shares during the quarter. Victory Capital Management Inc. owned 0.14% of Tyson Foods worth $27,376,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC grew its position in Tyson Foods by 15.6% during the first quarter. Empowered Funds LLC now owns 28,076 shares of the company's stock valued at $1,792,000 after acquiring an additional 3,788 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Tyson Foods by 40.8% in the 1st quarter. Woodline Partners LP now owns 24,178 shares of the company's stock worth $1,543,000 after acquiring an additional 7,011 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Tyson Foods by 84.0% in the 1st quarter. Focus Partners Wealth now owns 12,597 shares of the company's stock valued at $804,000 after purchasing an additional 5,749 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Tyson Foods by 100.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company's stock valued at $414,000 after purchasing an additional 3,702 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of Tyson Foods by 5.2% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 148,060 shares of the company's stock valued at $8,273,000 after purchasing an additional 7,369 shares during the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSN has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Tyson Foods from $63.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Tyson Foods in a research note on Monday, December 29th. Sanford C. Bernstein restated a "market perform" rating and set a $69.00 price target on shares of Tyson Foods in a research report on Tuesday, February 3rd. Argus raised Tyson Foods to a "hold" rating in a research note on Friday, February 6th. Finally, Piper Sandler raised their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, December 12th. Three analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tyson Foods has an average rating of "Hold" and a consensus price target of $64.27.

Tyson Foods Trading Down 1.0%

TSN opened at $61.44 on Monday. Tyson Foods, Inc. has a one year low of $50.56 and a one year 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 business has a 50 day simple moving average of $62.08 and a two-hundred day simple moving average of $57.52. The firm has a market capitalization of $21.63 billion, a price-to-earnings ratio of 109.71, a PEG ratio of 1.35 and a beta of 0.47.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.04). The business had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.Tyson Foods's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 earnings per share. Analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business 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 payout ratio is 364.29%.

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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