Woodline Partners LP Takes $986,000 Position in Tyson Foods, Inc. (NYSE:TSN)

Woodline Partners LP acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,167 shares of the company's stock, valued at approximately $986,000.

A number of other institutional investors have also made changes to their positions in TSN. Handelsbanken Fonder AB increased its holdings in shares of Tyson Foods by 17.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after acquiring an additional 729 shares during the period. Empowered Funds LLC raised its position in shares of 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 buying an additional 18,059 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Tyson Foods by 14.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company's stock worth $693,000 after purchasing an additional 1,532 shares during the period. Bristlecone Advisors LLC increased its position in shares of Tyson Foods by 63.1% in the fourth quarter. Bristlecone Advisors LLC now owns 28,215 shares of the company's stock worth $1,621,000 after acquiring an additional 10,919 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in shares of Tyson Foods by 84.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 12,216 shares of the company's stock worth $702,000 after acquiring an additional 5,580 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of TSN traded up $0.73 during mid-day trading on Friday, hitting $56.35. The company's stock had a trading volume of 2,248,705 shares, compared to its average volume of 2,402,415. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. 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 firm has a market capitalization of $20.07 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. The stock's 50-day moving average is $58.96 and its two-hundred day moving average is $59.35.

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 the consensus estimate of $0.85 by $0.07. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.55%. Tyson Foods's dividend payout ratio is 77.82%.

Wall Street Analyst Weigh In

A number of research analysts have commented on TSN shares. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research note 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. Stephens reduced their target price on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Wall Street Zen downgraded Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price 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.