AQR Capital Management LLC Raises Stake in Tyson Foods, Inc. $TSN

AQR Capital Management LLC lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 76.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,006,787 shares of the company’s stock after acquiring an additional 2,164,160 shares during the period. AQR Capital Management LLC’s holdings in Tyson Foods were worth $277,326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC grew its stake in shares of Tyson Foods by 175.3% in the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after buying an additional 326 shares in the last quarter. Matrix Trust Co increased its position in shares of Tyson Foods by 28,200.0% during the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after acquiring an additional 564 shares during the last quarter. First Command Advisory Services Inc. increased its position in shares of Tyson Foods by 389.8% during the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after acquiring an additional 460 shares during the last quarter. MTM Investment Management LLC acquired a new position in shares of Tyson Foods in the second quarter worth about $36,000. Finally, Beacon Capital Management LLC purchased a new position in Tyson Foods in the second quarter valued at about $37,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TSN. Santander began coverage on shares of Tyson Foods in a report on Thursday, September 25th. They set a “neutral” rating for the company. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a report on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price target for the company. BMO Capital Markets upped their target price on Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, November 11th. Piper Sandler raised their price target on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday. Two analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $61.00.

Tyson Foods Price Performance

NYSE TSN opened at $59.91 on Friday. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $64.36. The business’s fifty day moving average is $54.14 and its two-hundred day moving average is $54.86. The stock has a market capitalization of $21.15 billion, a P/E ratio of 45.05, a P/E/G ratio of 1.37 and a beta of 0.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.55.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.30. The business had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.08 billion. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The company’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. On average, research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, February 27th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s dividend payout ratio is presently 153.38%.

Insider Buying and Selling

In other Tyson Foods news, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the transaction, the chairman directly owned 2,989,415 shares in the company, valued at approximately $173,535,540.75. The trade was a 3.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total value of $373,965.41. Following the transaction, the chief financial officer owned 31,833 shares in the company, valued at $1,820,529.27. This represents a 17.04% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.03% of the company’s stock.

Tyson Foods 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.