Bayesian Capital Management LP Decreases Stake in Tyson Foods, Inc. (NYSE:TSN)

Bayesian Capital Management LP reduced its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,100 shares of the company's stock after selling 10,300 shares during the period. Bayesian Capital Management LP's holdings in Tyson Foods were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Tyson Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock worth $2,051,433,000 after purchasing an additional 325,361 shares during the last quarter. Geode Capital Management LLC grew its holdings in Tyson Foods by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock worth $400,712,000 after purchasing an additional 178,785 shares during the period. Northern Trust Corp increased its stake in Tyson Foods by 2.6% in the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after purchasing an additional 118,402 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Tyson Foods by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after purchasing an additional 427,582 shares during the period. Finally, Norges Bank acquired a new stake in shares of Tyson Foods in the 4th quarter valued at about $175,086,000. 67.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a report on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Finally, Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Tyson Foods has a consensus rating of "Hold" and an average price target of $62.63.

Tyson Foods Stock Performance

NYSE TSN traded down $1.03 on Friday, hitting $55.31. 2,803,797 shares of the company's stock traded hands, compared to its average volume of 2,379,244. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $19.70 billion, a PE ratio of 18.69, a P/E/G ratio of 0.74 and a beta of 0.63. The firm's 50-day moving average price is $60.33 and its two-hundred day moving average price is $59.65.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. The company had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 earnings per share. As a group, analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

About Tyson Foods

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.