Yacktman Asset Management LP Has $162.46 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

Yacktman Asset Management LP lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,022,422 shares of the company’s stock after selling 31,981 shares during the period. Tyson Foods makes up approximately 1.5% of Yacktman Asset Management LP’s holdings, making the stock its 25th biggest position. Yacktman Asset Management LP’s holdings in Tyson Foods were worth $162,455,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TSN. GAMMA Investing LLC acquired a new position in Tyson Foods during the 4th quarter worth $95,000. Linden Thomas Advisory Services LLC lifted its position in shares of Tyson Foods by 9.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 12,340 shares of the company’s stock worth $663,000 after purchasing an additional 1,063 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Tyson Foods by 14.5% during the 4th quarter. New York State Common Retirement Fund now owns 551,299 shares of the company’s stock valued at $29,632,000 after purchasing an additional 69,762 shares during the period. Handelsbanken Fonder AB grew its holdings in Tyson Foods by 87.2% in the 4th quarter. Handelsbanken Fonder AB now owns 81,601 shares of the company’s stock valued at $4,386,000 after buying an additional 38,002 shares during the last quarter. Finally, abrdn plc increased its position in Tyson Foods by 69.4% in the 4th quarter. abrdn plc now owns 117,217 shares of the company’s stock worth $6,300,000 after buying an additional 48,029 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of TSN remained flat at $60.89 during trading hours on Friday. 675,695 shares of the stock traded hands, compared to its average volume of 2,767,910. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $63.28. The company’s 50 day moving average price is $56.82 and its two-hundred day moving average price is $52.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.28. The company had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. Equities research analysts anticipate that Tyson Foods, Inc. will post 2.33 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s dividend payout ratio is currently -79.35%.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TSN shares. The Goldman Sachs Group raised their price objective on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Piper Sandler lifted their target price on Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $53.00 to $69.00 in a research report on Tuesday, April 16th. Finally, StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $58.80.

Tyson Foods Profile

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.