Bayesian Capital Management LP Sells 10,300 Shares of Tyson Foods, Inc. (NYSE:TSN)

Bayesian Capital Management LP trimmed its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 39.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,100 shares of the company's stock after selling 10,300 shares during the quarter. Bayesian Capital Management LP's holdings in Tyson Foods were worth $925,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Tyson Foods during the 4th quarter worth $175,086,000. Arrowstreet Capital Limited Partnership grew its stake in Tyson Foods by 83.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock valued at $69,601,000 after buying an additional 551,530 shares in the last quarter. Barclays PLC raised its stake in shares of Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after purchasing an additional 446,648 shares during the period. Bank of New York Mellon Corp grew its stake in 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 acquiring an additional 427,582 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Tyson Foods in the fourth quarter worth $22,059,000. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Down 7.5 %

Shares of Tyson Foods stock opened at $56.25 on Tuesday. The company's fifty day simple moving average is $60.76 and its two-hundred day simple moving average is $59.75. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month 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 company has a market cap of $20.04 billion, a P/E ratio of 19.00, a PEG ratio of 0.74 and a beta of 0.63.

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

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio is 67.57%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Stephens raised their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. Citigroup lifted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Finally, HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $61.78.

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.

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