Primecap Management Co. CA Raises Stake in Tyson Foods, Inc. (NYSE:TSN)

Primecap Management Co. CA raised its position in Tyson Foods, Inc. (NYSE:TSN) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 442,400 shares of the company’s stock after acquiring an additional 8,700 shares during the quarter. Primecap Management Co. CA’s holdings in Tyson Foods were worth $25,411,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co lifted its stake in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after acquiring an additional 445 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Tyson Foods during the 3rd quarter worth approximately $36,000. SRS Capital Advisors Inc. lifted its position in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after buying an additional 229 shares during the last quarter. Finally, TCTC Holdings LLC lifted its position in shares of Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after buying an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

TSN has been the subject of several recent analyst reports. Stephens boosted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research report on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, UBS Group started coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Stock Performance

Shares of TSN opened at $60.80 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The stock has a market capitalization of $21.66 billion, a P/E ratio of 20.54, a P/E/G ratio of 0.74 and a beta of 0.72. The company’s fifty day moving average is $58.33 and its two-hundred day moving average is $59.79. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. On average, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.29%. Tyson Foods’s dividend payout ratio is currently 67.57%.

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.