Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 40.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,370,500 shares of the company's stock after acquiring an additional 392,200 shares during the period. Two Sigma Advisers LP owned about 0.38% of Tyson Foods worth $78,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new position in Tyson Foods during the 4th quarter worth $175,086,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Tyson Foods by 83.5% during 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 shares of Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after acquiring an additional 446,648 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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 acquiring an additional 427,582 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Tyson Foods in the 4th quarter valued at about $22,059,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stephens decreased their target price on shares of Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Citigroup boosted their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Piper Sandler upgraded 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. Finally, StockNews.com cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average price target of $62.63.

Tyson Foods Stock Up 0.2%

TSN opened at $56.06 on Tuesday. 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 company has a market capitalization of $19.97 billion, a PE ratio of 18.94, a P/E/G ratio of 0.74 and a beta of 0.63. The stock's fifty day moving average is $59.67 and its 200-day moving average is $59.53. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $13.15 billion. During the same period in the previous year, the business earned $0.62 earnings per share. Tyson Foods's revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.

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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