Markel Group Inc. Grows Position in Tyson Foods, Inc. (NYSE:TSN)

Markel Group Inc. lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 20.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 697,500 shares of the company's stock after purchasing an additional 120,000 shares during the quarter. Markel Group Inc. owned about 0.20% of Tyson Foods worth $37,491,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSN. GAMMA Investing LLC purchased a new position in Tyson Foods in the fourth quarter valued at about $95,000. Linden Thomas Advisory Services LLC grew its stake in shares of Tyson Foods by 9.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 12,340 shares of the company's stock valued at $663,000 after buying an additional 1,063 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Tyson Foods by 14.5% during the 4th quarter. New York State Common Retirement Fund now owns 551,299 shares of the company's stock valued at $29,632,000 after buying an additional 69,762 shares during the period. Handelsbanken Fonder AB lifted its position in Tyson Foods by 87.2% during the 4th quarter. Handelsbanken Fonder AB now owns 81,601 shares of the company's stock worth $4,386,000 after acquiring an additional 38,002 shares in the last quarter. Finally, abrdn plc boosted its holdings in Tyson Foods by 69.4% in the 4th quarter. abrdn plc now owns 117,217 shares of the company's stock worth $6,300,000 after acquiring an additional 48,029 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

Insider Activity

In related news, Director Noel W. White sold 9,000 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the transaction, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.05% of the company's stock.

Tyson Foods Stock Performance

Shares of NYSE TSN traded down $0.26 during trading on Friday, reaching $60.64. The stock had a trading volume of 1,402,551 shares, compared to its average volume of 2,777,338. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. The stock has a market cap of $21.61 billion, a PE ratio of -24.55, a P/E/G ratio of 0.49 and a beta of 0.77. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $63.28. The firm's 50 day moving average price is $56.97 and its two-hundred day moving average price is $52.89.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The firm had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm's revenue for the quarter was up .4% compared to the same quarter last year. On average, research analysts forecast that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a yield of 3.23%. Tyson Foods's payout ratio is currently -79.35%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TSN. Barclays raised shares of Tyson Foods from an "underweight" rating to an "overweight" rating and boosted their target price for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. The Goldman Sachs Group upped their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday, April 17th. BMO Capital Markets lifted their target price on Tyson Foods from $52.00 to $55.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 6th. Citigroup increased their price target on Tyson Foods from $57.00 to $62.00 and gave the company a "neutral" rating in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Tyson Foods from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average target price of $58.80.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.

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