Geode Capital Management LLC Has $435.86 Million Position in Tyson Foods, Inc. $TSN

Geode Capital Management LLC raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,464,394 shares of the company’s stock after acquiring an additional 9,794 shares during the period. Geode Capital Management LLC’s holdings in Tyson Foods were worth $435,864,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. City Holding Co. acquired a new stake in Tyson Foods during the 4th quarter valued at $29,000. Cary Street Partners Investment Advisory LLC raised its stake in Tyson Foods by 62.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares during the period. Activest Wealth Management raised its stake in Tyson Foods by 3,842.9% during the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after purchasing an additional 538 shares during the period. ORG Partners LLC raised its stake in Tyson Foods by 2,519.2% during the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after purchasing an additional 655 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Tyson Foods by 110.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock valued at $40,000 after purchasing an additional 384 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Trading Up 0.3%

NYSE TSN opened at $61.20 on Monday. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $21.55 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 1.25 and a beta of 0.38. The firm’s fifty day simple moving average is $64.55 and its 200-day simple moving average is $61.63.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. Tyson Foods’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 4.1 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is presently 160.63%.

Analysts Set New Price Targets

Several brokerages have issued reports on TSN. Sanford C. Bernstein reissued a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a research note on Tuesday, February 3rd. Piper Sandler reissued an “overweight” rating and set a $80.00 target price on shares of Tyson Foods in a research note on Monday, May 4th. Argus raised shares of Tyson Foods to a “hold” rating in a research note on Friday, February 6th. Mizuho assumed coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target on the stock. Finally, Wall Street Zen raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $68.27.

About Tyson Foods

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.