Artisan Partners, an investment management company, released its “Artisan Value Income Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, its Investor Class fund APFWX returned 10.25%, Advisor Class fund APDWX posted a return of 10.23%, and Institutional Class fund APHWX returned 10.24%, compared to a return of 7.56% for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Artisan Value Income Fund highlighted stocks like Tyson Foods, Inc. (NYSE:TSN) in the Q4 2022 investor letter. Headquartered in Springdale, Arkansas, Tyson Foods, Inc. (NYSE:TSN) is a food company that operates through Beef, Pork, Chicken, and Prepared Foods segments. On April 5, 2023, Tyson Foods, Inc. (NYSE:TSN) stock closed at $59.96 per share. One-month return of Tyson Foods, Inc. (NYSE:TSN) was 2.48%, and its shares lost 34.04% of their value over the last 52 weeks. Tyson Foods, Inc. (NYSE:TSN) has a market capitalization of $21.42 billion.
Artisan Value Income Fund made the following comment about Tyson Foods, Inc. (NYSE:TSN) in its Q4 2022 investor letter:
“Our weakest contributors were Philips, Tyson Foods, Inc. (NYSE:TSN) and already-discussed Blackstone. The largest food processor in North America, Tyson Foods is a marketer and distributor of chicken, beef, pork and prepared foods. Top-line growth has remained strong, but margins have been volatile. The margin issues have been primarily in its chicken and prepared foods businesses as beef margins have benefited from ample cattle supply, global export demand and high US domestic retail prices. In the other segments, inflationary pressures have ranged from higher raw material costs to supply chain constraints and labor availability issues. Some of these factors are out of its control, but the company is making efforts to increase labor availability and shift contract terms toward variable price models that could repair margins more quickly. The business has improved over time—the company has spent years moving away from commodity processing toward a greater mix of higher margin branded products and packaging. This has contributed to solid return on invested capital and free cash flow generation. Additionally, revenue growth has benefited from a natural long-term health and wellness tailwind of protein demand rising in the US and globally as diets improve by replacing processed foods with healthier alternatives like protein.”
Tyson Foods, Inc. (NYSE:TSN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Tyson Foods, Inc. (NYSE:TSN) at the end of the fourth quarter which was 35 in the previous quarter.
We discussed Tyson Foods, Inc. (NYSE:TSN) in another article and shared Matrix Asset Advisors’ views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.