Polaris Capital Management LLC Lowers Stake in Tyson Foods, Inc. $TSN

Polaris Capital Management LLC reduced its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 13.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 472,248 shares of the company’s stock after selling 71,000 shares during the period. Tyson Foods makes up 2.3% of Polaris Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Polaris Capital Management LLC’s holdings in Tyson Foods were worth $27,683,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Markel Group Inc. lifted its stake in shares of Tyson Foods by 4.0% in the 3rd 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 stake in shares of Tyson Foods by 73.4% in the 3rd 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. Liberty One Investment Management LLC lifted its stake in shares of Tyson Foods by 32.1% in the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock worth $6,179,000 after acquiring an additional 27,627 shares during the period. Inscription Capital LLC lifted its stake in shares of Tyson Foods by 262.9% in the 3rd quarter. Inscription Capital LLC now owns 26,964 shares of the company’s stock worth $1,464,000 after acquiring an additional 19,533 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Tyson Foods by 61.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 74,609 shares of the company’s stock valued at $4,045,000 after purchasing an additional 28,274 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TSN shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. BMO Capital Markets raised their price objective on shares of Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Argus upgraded shares of Tyson Foods to a “hold” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $66.45.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $64.01 on Friday. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $66.41. The company has a 50-day simple moving average of $63.06 and a 200-day simple moving average of $59.34. The company has a market cap of $22.54 billion, a PE ratio of 114.30, a price-to-earnings-growth ratio of 1.41 and a beta of 0.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (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 company had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. Tyson Foods’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods, Inc. will post 3.95 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is presently 364.29%.

Tyson Foods 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.