The Manufacturers Life Insurance Company Has $20.84 Million Position in Tyson Foods, Inc. $TSN

The Manufacturers Life Insurance Company lessened its position in Tyson Foods, Inc. (NYSE:TSN) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 325,258 shares of the company’s stock after selling 11,944 shares during the period. The Manufacturers Life Insurance Company’s holdings in Tyson Foods were worth $20,839,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSN. Pzena Investment Management LLC increased its position in shares of Tyson Foods by 12.1% in the 1st quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after buying an additional 1,845,200 shares in the last quarter. State Street Corp lifted its holdings in Tyson Foods by 0.6% during the third quarter. State Street Corp now owns 14,075,676 shares of the company’s stock worth $764,309,000 after acquiring an additional 85,282 shares in the last quarter. Davis Selected Advisers lifted its holdings in Tyson Foods by 28.8% during the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after acquiring an additional 2,865,413 shares in the last quarter. AQR Capital Management LLC grew its stake in Tyson Foods by 20.6% in the fourth quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock valued at $475,669,000 after acquiring an additional 1,387,645 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Tyson Foods by 1.4% in the fourth quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock worth $354,995,000 after acquiring an additional 83,861 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TSN shares. Weiss Ratings cut Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. HSBC dropped their target price on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a report on Wednesday. Sanford C. Bernstein cut their price target on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a research note on Thursday, July 2nd. Finally, Piper Sandler reissued an “overweight” rating and set a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $70.67.

Tyson Foods Stock Down 4.6%

TSN stock opened at $57.87 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The stock has a market capitalization of $20.38 billion, a P/E ratio of 45.57, a P/E/G ratio of 1.20 and a beta of 0.40. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The business has a 50-day moving average of $58.45 and a 200-day moving average of $61.85.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 4.08 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s payout ratio is currently 160.63%.

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.