Twinbeech Capital LP Invests $677,000 in Tyson Foods, Inc. (NYSE:TSN)

Twinbeech Capital LP bought a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,790 shares of the company's stock, valued at approximately $677,000.

Other institutional investors also recently modified their holdings of the company. Riverview Trust Co raised its stake in shares of Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after acquiring an additional 445 shares during the last quarter. SRS Capital Advisors Inc. grew its position in shares of Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after buying an additional 229 shares during the period. Ossiam grew its position in shares of Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after buying an additional 184 shares during the period. TCTC Holdings LLC grew its position in shares of Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after buying an additional 387 shares during the period. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Tyson Foods during the 4th quarter worth approximately $53,000. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Down 0.6%

TSN traded down $0.35 during trading on Wednesday, reaching $55.48. The company had a trading volume of 284,290 shares, compared to its average volume of 2,390,785. 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, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The business's fifty day moving average price is $59.14 and its 200 day moving average price is $59.40. The company has a market cap of $19.76 billion, a P/E ratio of 18.77, a PEG 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 for the quarter, beating analysts' consensus estimates 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 analyst estimates of $13.15 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The business's revenue was up .0% on a year-over-year basis. Equities analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Friday, August 29th. Tyson Foods's dividend payout ratio is presently 77.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently 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 target for the company in a research report on Tuesday, February 4th. Wall Street Zen cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Stephens decreased 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 report on Tuesday, May 6th. Finally, Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" 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 assigned a buy rating to the company. According to data from MarketBeat.com, Tyson Foods has an average rating of "Hold" and an average 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.