Cwm LLC Has $7.14 Million Stock Position in Tyson Foods, Inc. $TSN

Cwm LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 95.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 131,525 shares of the company’s stock after acquiring an additional 64,368 shares during the quarter. Cwm LLC’s holdings in Tyson Foods were worth $7,142,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Tyson Foods by 1.5% during the second quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock valued at $2,042,085,000 after purchasing an additional 543,513 shares during the last quarter. State Street Corp boosted its position in Tyson Foods by 3.2% in the 2nd quarter. State Street Corp now owns 13,990,394 shares of the company’s stock valued at $782,623,000 after buying an additional 439,623 shares during the last quarter. Pzena Investment Management LLC boosted its position in Tyson Foods by 3.4% in the 2nd quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock valued at $766,865,000 after buying an additional 444,648 shares during the last quarter. Davis Selected Advisers increased its stake in shares of Tyson Foods by 91.4% in the 2nd quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock valued at $501,025,000 after buying an additional 4,276,884 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Tyson Foods by 1.7% during the second quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock worth $411,571,000 after acquiring an additional 122,055 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Insider Transactions at Tyson Foods

In related news, Chairman John H. Tyson sold 100,301 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the sale, the chairman directly owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. This represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Curt Calaway sold 6,539 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the sale, the chief financial officer owned 31,833 shares in the company, valued at $1,820,529.27. This trade represents a 17.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.11% of the company’s stock.

Tyson Foods Stock Up 1.0%

Shares of NYSE TSN opened at $59.18 on Wednesday. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $64.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.55. The stock has a market cap of $20.89 billion, a P/E ratio of 44.50, a P/E/G ratio of 1.34 and a beta of 0.47. The firm has a 50 day moving average price of $55.55 and a 200 day moving average price of $55.10.

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

Tyson Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Tyson Foods’s payout ratio is presently 153.38%.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of research reports. Bank of America lowered their price objective on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. BMO Capital Markets boosted their price target on shares of Tyson Foods from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 11th. Piper Sandler raised their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, Weiss Ratings reiterated 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 given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.00.

Tyson Foods Company 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.