Geode Capital Management LLC Raises Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Geode Capital Management LLC boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,994,356 shares of the company’s stock after acquiring an additional 178,785 shares during the quarter. Geode Capital Management LLC owned 1.96% of Tyson Foods worth $400,712,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TSN. JPMorgan Chase & Co. boosted its stake in shares of Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after purchasing an additional 352,863 shares during the period. Handelsbanken Fonder AB boosted its position in Tyson Foods by 17.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock valued at $286,000 after buying an additional 729 shares during the period. Sound Income Strategies LLC grew its stake in Tyson Foods by 14.0% in the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after acquiring an additional 6,955 shares in the last quarter. Empowered Funds LLC increased its position in shares of Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock worth $1,395,000 after acquiring an additional 18,059 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in shares of Tyson Foods during the fourth quarter valued at approximately $775,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN stock opened at $59.85 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a market cap of $21.32 billion, a PE ratio of 20.22, a PEG ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The business’s fifty day simple moving average is $59.77 and its 200-day simple moving average is $59.65.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. During the same period last year, the business posted $0.69 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. Tyson Foods’s payout ratio is 67.57%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. UBS Group started coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target on the stock. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Barclays dropped their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Stephens boosted their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.10.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.