Hodges Capital Management Inc. Acquires New Holdings in Tyson Foods, Inc. $TSN

Hodges Capital Management Inc. bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,400 shares of the company’s stock, valued at approximately $1,179,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. City Holding Co. acquired a new stake in shares of Tyson Foods in the fourth quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of Tyson Foods by 62.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock worth $30,000 after buying an additional 198 shares during the period. Ascentis Independent Advisors bought a new position in Tyson Foods in the 1st quarter worth approximately $30,000. Activest Wealth Management grew its holdings in Tyson Foods by 3,842.9% in the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after buying an additional 538 shares in the last quarter. Finally, ORG Partners LLC increased its position in Tyson Foods by 2,519.2% in the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after acquiring an additional 655 shares during the period. Institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TSN. Sanford C. Bernstein cut their target price on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday, July 2nd. JPMorgan Chase & Co. lowered their price target on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Bank of America cut their price objective on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. Stephens upped their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $69.56.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $58.74 on Tuesday. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48. The firm has a market cap of $20.68 billion, a P/E ratio of 46.25, a PEG ratio of 1.21 and a beta of 0.40. The stock has a fifty day moving average price of $61.54 and a two-hundred day moving average price of $61.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that Tyson Foods, Inc. will post 4.09 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is presently 160.63%.

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.