Two Sigma Investments LP Has $52.25 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Two Sigma Investments LP lifted its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 20.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 909,550 shares of the company's stock after purchasing an additional 154,553 shares during the quarter. Two Sigma Investments LP owned 0.26% of Tyson Foods worth $52,245,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank bought a new stake in Tyson Foods in the fourth quarter valued at $175,086,000. Arrowstreet Capital Limited Partnership grew its position in Tyson Foods by 83.5% in the fourth 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 grew its position in Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after acquiring an additional 446,648 shares during the period. Bank of New York Mellon Corp grew its position in Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after acquiring an additional 427,582 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Tyson Foods in the fourth quarter valued at $22,059,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Trading Up 0.3%

Tyson Foods stock traded up $0.14 during mid-day trading on Friday, hitting $55.62. The stock had a trading volume of 2,629,615 shares, compared to its average volume of 2,400,045. The stock has a 50-day simple moving average of $59.34 and a two-hundred day simple moving average of $59.44. The stock has a market capitalization of $19.81 billion, a PE ratio of 18.79, a P/E/G ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN - Get Free Report) last released 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 return on equity of 6.87% and a net margin of 1.96%. 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 prior year, the firm posted $0.62 earnings per share. The company's quarterly revenue was up .0% on a year-over-year basis. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Hsbc Global Res upgraded 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 issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.