Universal Beteiligungs und Servicegesellschaft mbH Acquires 9,636 Shares of Tyson Foods, Inc. $TSN

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 204,285 shares of the company’s stock after acquiring an additional 9,636 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Tyson Foods worth $11,093,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Bank of America cut their target price on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. BMO Capital Markets set a $67.00 price objective on Tyson Foods and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Piper Sandler raised their price target on Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $60.60.

Insider Buying and Selling at Tyson Foods

In related news, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the transaction, the chief financial officer directly owned 31,833 shares in the company, valued at approximately $1,820,529.27. This represents a 17.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of the stock in a transaction dated 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 in the company, valued at $173,535,540.75. This trade represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.11% of the company’s stock.

Tyson Foods Trading Up 0.9%

Shares of TSN stock opened at $61.67 on Friday. The company has a market cap of $21.77 billion, a PE ratio of 46.37, a price-to-earnings-growth ratio of 1.38 and a beta of 0.48. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $64.36. The stock’s 50 day simple moving average is $57.91 and its two-hundred day simple moving average is $55.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.55 and a quick ratio of 0.66.

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

Tyson Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio (DPR) is presently 153.38%.

Tyson Foods 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.