Matrix Asset Advisors Inc. NY Acquires 9,108 Shares of Tyson Foods, Inc. $TSN

Matrix Asset Advisors Inc. NY raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 372,014 shares of the company’s stock after purchasing an additional 9,108 shares during the period. Tyson Foods accounts for about 2.0% of Matrix Asset Advisors Inc. NY’s portfolio, making the stock its 17th largest position. Matrix Asset Advisors Inc. NY owned 0.11% of Tyson Foods worth $21,807,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TSN. Thrivent Financial for Lutherans lifted its holdings in Tyson Foods by 55.3% during the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock worth $3,273,000 after buying an additional 20,888 shares during the period. Markel Group Inc. increased its holdings 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 valued at $46,074,000 after acquiring an additional 32,500 shares during the period. JPMorgan Chase & Co. increased its holdings 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 valued at $102,042,000 after acquiring an additional 795,710 shares during the period. Liberty One Investment Management LLC raised its position 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 in the last quarter. Finally, Polaris Capital Management LLC lifted its stake in shares of Tyson Foods by 20.4% during the 3rd quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock worth $29,498,000 after purchasing an additional 91,900 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

TSN has been the topic of a number of recent research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $69.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 3rd. Argus raised shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Barclays raised their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Finally, 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. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $64.75.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $64.31 on Thursday. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The company has a market cap of $22.64 billion, a PE ratio of 114.83, a P/E/G ratio of 1.39 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 business has a 50-day simple moving average of $63.01 and a two-hundred day simple moving average of $58.13.

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

Tyson Foods Dividend Announcement

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

Tyson Foods Company 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.