Polaris Capital Management LLC Increases Holdings in Tyson Foods, Inc. $TSN

Polaris Capital Management LLC grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 20.4% during the third quarter, HoldingsChannel reports. The fund owned 543,248 shares of the company’s stock after purchasing an additional 91,900 shares during the period. Tyson Foods accounts for about 1.9% of Polaris Capital Management LLC’s investment portfolio, making the stock its 25th biggest holding. Polaris Capital Management LLC’s holdings in Tyson Foods were worth $29,498,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB increased its stake in Tyson Foods by 19.4% in the third quarter. Nordea Investment Management AB now owns 40,763 shares of the company’s stock valued at $2,181,000 after purchasing an additional 6,628 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Tyson Foods by 0.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 745,372 shares of the company’s stock valued at $40,474,000 after buying an additional 6,453 shares in the last quarter. First Horizon Corp purchased a new position in shares of Tyson Foods in the 3rd quarter valued at $56,000. Vicus Capital acquired a new stake in Tyson Foods during the 3rd quarter worth $210,000. Finally, Bayforest Capital Ltd purchased a new stake in Tyson Foods in the third quarter valued at $393,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 2.3%

Shares of TSN stock opened at $59.38 on Tuesday. The company has a market capitalization of $20.96 billion, a P/E ratio of 44.64, a price-to-earnings-growth ratio of 1.33 and a beta of 0.48. The company has a current ratio of 1.55, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $56.63 and its two-hundred day moving average is $55.28. Tyson Foods, Inc. has a twelve month low of $50.56 and a twelve month high of $64.36.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.30. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The firm had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.08 billion. During the same period last year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio (DPR) is presently 153.38%.

Insider Activity

In other news, CFO Curt Calaway sold 6,539 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total value of $373,965.41. Following the completion of the sale, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at $1,820,529.27. This trade represents a 17.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $58.05, for a total value of $5,822,473.05. Following the transaction, the chairman directly owned 2,989,415 shares in the company, valued at $173,535,540.75. This represents a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TSN shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. BMO Capital Markets set a $67.00 price target on Tyson Foods and gave the stock an “outperform” rating in a research report on Thursday. Bank of America decreased their price objective on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Piper Sandler raised their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Santander started coverage on shares of Tyson Foods in a research report on Thursday, September 25th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.91.

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.