111 Capital Acquires Shares of 24,875 Tyson Foods, Inc. (NYSE:TSN)

111 Capital purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 24,875 shares of the company's stock, valued at approximately $1,429,000.

Several other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Tyson Foods during the fourth quarter valued at approximately $175,086,000. Arrowstreet Capital Limited Partnership grew its position in shares of Tyson Foods by 83.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock valued at $69,601,000 after acquiring an additional 551,530 shares during the period. Barclays PLC increased its stake in shares of Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after purchasing an additional 446,648 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock worth $190,454,000 after purchasing an additional 427,582 shares during the period. Finally, Two Sigma Advisers LP lifted its position in Tyson Foods by 40.1% during the fourth quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock valued at $78,722,000 after purchasing an additional 392,200 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

Shares of Tyson Foods stock traded up $0.08 on Friday, hitting $56.20. 4,838,677 shares of the company traded hands, compared to its average volume of 2,414,510. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The business has a 50-day simple moving average of $58.96 and a 200 day simple moving average of $59.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The stock has a market capitalization of $20.02 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63.

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

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.56%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio is presently 77.82%.

Wall Street Analyst Weigh In

A number of analysts have commented on TSN shares. JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a report on Tuesday, February 4th. Citigroup lifted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Stephens reduced their price objective on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.63.

Tyson Foods Company Profile

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.