Two Sigma Investments LP Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Two Sigma Investments LP increased its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 20.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 909,550 shares of the company's stock after buying an additional 154,553 shares during the quarter. Two Sigma Investments LP owned about 0.26% of Tyson Foods worth $52,245,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Tyson Foods by 10.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock worth $109,000 after buying an additional 173 shares during the last quarter. Syon Capital LLC lifted its position in Tyson Foods by 5.1% during the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company's stock worth $205,000 after acquiring an additional 174 shares during the period. Norinchukin Bank The grew its stake in shares of Tyson Foods by 1.7% in the 4th quarter. Norinchukin Bank The now owns 11,002 shares of the company's stock valued at $632,000 after purchasing an additional 184 shares during the last quarter. Ossiam increased its holdings in shares of Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after purchasing an additional 184 shares during the period. Finally, Covestor Ltd raised its stake in shares of Tyson Foods by 10.4% during the fourth quarter. Covestor Ltd now owns 2,113 shares of the company's stock worth $121,000 after purchasing an additional 199 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Performance

NYSE TSN opened at $56.06 on Tuesday. 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 fifty-two week low of $53.61 and a fifty-two week high of $66.88. The business has a fifty day moving average of $59.67 and a 200-day moving average of $59.53. The stock has a market cap of $19.97 billion, a price-to-earnings ratio of 18.94, 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 earnings results on Monday, May 5th. The company reported $0.92 earnings per share 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 during the quarter, compared to the consensus estimate of $13.15 billion. During the same quarter in the previous year, the company posted $0.62 EPS. The firm's revenue for the quarter was up .0% on a year-over-year basis. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm 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 $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a yield of 3.57%. Tyson Foods's dividend payout ratio (DPR) is presently 77.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Citigroup boosted 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. JPMorgan Chase & Co. dropped their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Stephens cut their target price on 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.

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