Yacktman Asset Management LP Has $146.13 Million Holdings in Tyson Foods, Inc. $TSN

Yacktman Asset Management LP trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,612,306 shares of the company’s stock after selling 16,121 shares during the period. Tyson Foods accounts for 2.0% of Yacktman Asset Management LP’s holdings, making the stock its 20th largest position. Yacktman Asset Management LP owned 0.73% of Tyson Foods worth $146,132,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Tyson Foods by 0.7% in the first quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company’s stock valued at $2,294,697,000 after buying an additional 247,051 shares in the last quarter. Pzena Investment Management LLC increased its stake in Tyson Foods by 3.4% in the second quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock valued at $766,865,000 after acquiring an additional 444,648 shares during the last quarter. Northern Trust Corp increased its stake in Tyson Foods by 0.8% in the first quarter. Northern Trust Corp now owns 4,737,737 shares of the company’s stock valued at $302,315,000 after acquiring an additional 36,941 shares during the last quarter. Davis Selected Advisers increased its stake in Tyson Foods by 51.9% in the first quarter. Davis Selected Advisers now owns 4,679,582 shares of the company’s stock valued at $298,604,000 after acquiring an additional 1,598,896 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Tyson Foods by 776.8% in the first quarter. AQR Capital Management LLC now owns 2,842,627 shares of the company’s stock valued at $180,933,000 after acquiring an additional 2,518,416 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on TSN shares. JPMorgan Chase & Co. started coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 price objective on the stock. Bank of America decreased their target price on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Santander began coverage on shares of Tyson Foods in a research note on Thursday, September 25th. They set a “neutral” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyson Foods in a research note on Wednesday, October 8th. Finally, Bernstein Bank cut shares of Tyson Foods to a “market perform” rating and decreased their target price for the stock from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $60.92.

Tyson Foods Stock Performance

NYSE TSN opened at $52.45 on Thursday. The stock has a market cap of $18.66 billion, a PE ratio of 23.84, a PEG ratio of 0.85 and a beta of 0.57. The firm’s fifty day moving average price is $53.73 and its two-hundred day moving average price is $55.22. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.73. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $65.95.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. The company had revenue of $13.88 billion for the quarter, compared to analyst estimates of $13.54 billion. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. Tyson Foods’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 earnings per share. On average, equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods declared that its Board of Directors has approved a share repurchase program on Thursday, August 7th that allows the company to buyback 43,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Tyson Foods Company 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.