Cigogne Management SA Purchases New Stake in Tyson Foods, Inc. (NYSE:TSN)

Cigogne Management SA acquired a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,500 shares of the company's stock, valued at approximately $316,000.

Other hedge funds have also recently bought and sold shares of the company. Syon Capital LLC increased its position in Tyson Foods by 5.1% during the fourth quarter. Syon Capital LLC now owns 3,563 shares of the company's stock worth $205,000 after buying an additional 174 shares in the last quarter. Dark Forest Capital Management LP raised its stake in Tyson Foods by 336.4% in the 4th quarter. Dark Forest Capital Management LP now owns 27,077 shares of the company's stock valued at $1,555,000 after purchasing an additional 20,872 shares during the last quarter. State of Tennessee Department of Treasury increased its stake in shares of Tyson Foods by 35.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 83,960 shares of the company's stock valued at $4,823,000 after acquiring an additional 21,811 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Tyson Foods by 188.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 45,129 shares of the company's stock valued at $2,592,000 after acquiring an additional 29,457 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in shares of Tyson Foods during the 4th quarter valued at about $54,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSN. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens upped 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 note on Tuesday, February 4th. Barclays dropped their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Citigroup upped their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Finally, HSBC raised 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 given a buy rating to the company. According to MarketBeat, Tyson Foods currently has a consensus rating of "Hold" and a consensus target price of $61.78.

Tyson Foods Stock Down 0.1 %

NYSE TSN traded down $0.07 on Tuesday, reaching $60.04. The company had a trading volume of 498,639 shares, compared to its average volume of 2,441,207. The firm has a market capitalization of $21.39 billion, a PE ratio of 20.28, a P/E/G ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88. The firm has a 50-day moving average of $60.81 and a 200-day moving average of $59.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. The company had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 EPS. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is currently 67.57%.

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.