Caxton Associates LP Buys New Position in Tyson Foods, Inc. (NYSE:TSN)

Caxton Associates LP purchased a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,809 shares of the company's stock, valued at approximately $391,000.

Several other hedge funds also recently modified their holdings of TSN. Handelsbanken Fonder AB raised its position in Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after purchasing an additional 729 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock valued at $3,248,000 after purchasing an additional 6,955 shares during the period. Empowered Funds LLC grew its stake in Tyson Foods by 289.9% in the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after acquiring an additional 18,059 shares during the period. Liberty One Investment Management LLC grew its holdings in shares of Tyson Foods by 7.1% during the fourth quarter. Liberty One Investment Management LLC now owns 74,648 shares of the company's stock valued at $4,288,000 after buying an additional 4,922 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Tyson Foods by 14.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock valued at $693,000 after buying an additional 1,532 shares during the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Stock Down 0.5%

Shares of NYSE TSN traded down $0.27 during trading on Tuesday, reaching $55.72. The company had a trading volume of 684,718 shares, compared to its average volume of 2,376,238. The stock has a market cap of $19.85 billion, a PE ratio of 18.82, a P/E/G ratio of 0.74 and a beta of 0.63. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The business's 50-day moving average is $60.23 and its 200 day moving average is $59.64.

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

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. 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. Stephens reduced their price target on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. StockNews.com lowered shares of Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Tyson Foods has an average rating of "Hold" and a consensus price target of $62.63.

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.