Mach 1 Financial Group LLC Purchases New Shares in Tyson Foods, Inc. $TSN

Mach 1 Financial Group LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 8,579 shares of the company’s stock, valued at approximately $503,000.

A number of other large investors also recently made changes to their positions in TSN. Markel Group Inc. lifted its holdings in Tyson Foods by 4.0% during the third quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock worth $46,074,000 after acquiring an additional 32,500 shares during the period. JPMorgan Chase & Co. lifted its holdings in Tyson Foods by 73.4% during the third quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after acquiring an additional 795,710 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Tyson Foods by 61.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 74,609 shares of the company’s stock worth $4,045,000 after acquiring an additional 28,274 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Tyson Foods by 306.4% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock worth $2,607,000 after acquiring an additional 36,197 shares during the period. Finally, AIA Group Ltd lifted its holdings in Tyson Foods by 78.8% during the third quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock worth $2,780,000 after acquiring an additional 22,571 shares during the period. 67.00% of the stock is owned by institutional investors.

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Tyson Foods Stock Performance

Shares of TSN opened at $66.44 on Friday. The firm has a market cap of $23.40 billion, a PE ratio of 52.31, a PEG ratio of 1.37 and a beta of 0.40. The stock’s fifty day moving average price is $64.19 and its two-hundred day moving average price is $61.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $69.48.

Tyson Foods (NYSE:TSN – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Tyson Foods, Inc. will post 4.1 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.1%. Tyson Foods’s payout ratio is 160.63%.

Analyst Upgrades and Downgrades

TSN has been the topic of several research reports. Stephens lifted their price objective on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Tyson Foods in a research report on Monday, May 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 3rd. Barclays lifted their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Finally, Argus raised shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $68.27.

Read Our Latest Stock Analysis on TSN

About Tyson Foods

(Free Report)

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.

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