CSM Advisors LLC Purchases 27,842 Shares of Tyson Foods, Inc. $TSN

CSM Advisors LLC lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 13.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 236,628 shares of the company’s stock after purchasing an additional 27,842 shares during the period. CSM Advisors LLC’s holdings in Tyson Foods were worth $12,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Empowered Funds LLC increased its position in shares of Tyson Foods by 15.6% during the 1st quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock valued at $1,792,000 after purchasing an additional 3,788 shares during the last quarter. Woodline Partners LP raised its position in Tyson Foods by 40.8% in the first quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock worth $1,543,000 after acquiring an additional 7,011 shares during the period. Focus Partners Wealth boosted its stake in shares of Tyson Foods by 84.0% during the 1st quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock worth $804,000 after acquiring an additional 5,749 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Tyson Foods by 100.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock valued at $414,000 after acquiring an additional 3,702 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Tyson Foods by 10.7% during the 2nd quarter. ProShare Advisors LLC now owns 73,332 shares of the company’s stock valued at $4,102,000 after acquiring an additional 7,118 shares during the period. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Down 1.2%

TSN opened at $60.30 on Friday. The stock has a market cap of $21.23 billion, a price-to-earnings ratio of 107.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The firm’s fifty day moving average is $62.27 and its 200 day moving average is $57.63. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.41.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The business had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. During the same period in the prior year, the business earned $1.14 earnings per share. Tyson Foods’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.51 per share. The ex-dividend date is Monday, June 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TSN shares. Piper Sandler raised their target price on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 3rd. Barclays lifted their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $64.27.

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.