Mariner LLC Buys 23,442 Shares of Tyson Foods, Inc. (NYSE:TSN)

Mariner LLC raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 53.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,473 shares of the company’s stock after purchasing an additional 23,442 shares during the period. Mariner LLC’s holdings in Tyson Foods were worth $3,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TSN. JPMorgan Chase & Co. raised its holdings in Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after buying an additional 352,863 shares during the period. Handelsbanken Fonder AB increased its position in Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock valued at $286,000 after acquiring an additional 729 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Tyson Foods by 14.0% in the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after acquiring an additional 6,955 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock worth $1,395,000 after acquiring an additional 18,059 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Tyson Foods during the 4th quarter worth about $775,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $61.17 on Monday. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The stock’s fifty day moving average price is $60.39 and its 200-day moving average price is $59.64. The firm has a market cap of $21.79 billion, a P/E ratio of 20.66, a P/E/G ratio of 0.74 and a beta of 0.62. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter last year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.27%. Tyson Foods’s dividend payout ratio is currently 67.57%.

Analysts Set New Price Targets

Several brokerages have issued reports on TSN. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup raised their price target on Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Barclays cut their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Stephens lifted their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Finally, UBS Group assumed coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.78.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.