Rockefeller Capital Management L.P. Grows Holdings in Tyson Foods, Inc. $TSN

Rockefeller Capital Management L.P. boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 1,890.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 182,418 shares of the company’s stock after purchasing an additional 173,255 shares during the period. Rockefeller Capital Management L.P. owned about 0.05% of Tyson Foods worth $10,693,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Tyson Foods in the 4th quarter worth approximately $308,297,000. Davis Selected Advisers lifted its holdings in Tyson Foods by 28.8% during the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after acquiring an additional 2,865,413 shares during the period. Life Cycle Investment Partners Ltd bought a new stake in Tyson Foods during the fourth quarter worth $165,220,000. AQR Capital Management LLC boosted its position in Tyson Foods by 34.4% in the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after purchasing an additional 1,720,009 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its position in Tyson Foods by 10.7% in the fourth quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock worth $897,502,000 after purchasing an additional 1,480,987 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings raised Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Mizuho initiated coverage on shares of Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price target on the stock. Stephens increased their price target on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods 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 note on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $68.20.

Tyson Foods Stock Up 0.8%

Shares of NYSE TSN opened at $57.86 on Thursday. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The business’s fifty day moving average price is $62.37 and its 200-day moving average price is $61.81. The stock has a market capitalization of $20.37 billion, a PE ratio of 45.56, a P/E/G ratio of 1.16 and a beta of 0.38.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 4.16 EPS for the current year.

Tyson Foods Dividend Announcement

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

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.