Markel Group Inc. Buys 32,500 Shares of Tyson Foods, Inc. $TSN

Markel Group Inc. boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 848,500 shares of the company’s stock after purchasing an additional 32,500 shares during the period. Markel Group Inc. owned about 0.24% of Tyson Foods worth $46,074,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TSN. Harbor Capital Advisors Inc. boosted its stake in shares of Tyson Foods by 93.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock worth $26,000 after buying an additional 228 shares during the last quarter. Root Financial Partners LLC purchased a new position in Tyson Foods in the third quarter worth about $28,000. NewSquare Capital LLC grew its stake in shares of Tyson Foods by 175.3% during the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after purchasing an additional 326 shares during the period. First Command Advisory Services Inc. increased its position in shares of Tyson Foods by 389.8% during the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after purchasing an additional 460 shares during the last quarter. Finally, MTM Investment Management LLC bought a new position in shares of Tyson Foods in the 2nd quarter worth approximately $36,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $63.64 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.55 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 47.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.48. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $64.36. The firm has a 50 day moving average of $58.12 and a 200 day moving average of $55.61.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $14.08 billion. During the same quarter last year, the firm earned $0.92 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, February 27th. Tyson Foods’s payout ratio is currently 153.38%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSN. Bank of America cut their target price on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Piper Sandler boosted their price objective on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. BMO Capital Markets set a $67.00 target price on Tyson Foods and gave the stock an “outperform” rating in a report on Thursday, January 8th. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $60.60.

Insider Transactions at Tyson Foods

In related news, Chairman John H. Tyson sold 100,301 shares of Tyson Foods stock in a transaction dated 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 completion of the transaction, the chairman owned 2,989,415 shares in the company, valued at $173,535,540.75. The trade was a 3.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Curt Calaway sold 6,539 shares of the 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 transaction, the chief financial officer owned 31,833 shares in the company, valued at $1,820,529.27. This represents a 17.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.11% of the stock is owned by company insiders.

About Tyson Foods

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.