Nebula Research & Development LLC Takes $1.08 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Nebula Research & Development LLC bought a new position in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 18,834 shares of the company's stock, valued at approximately $1,082,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSN. EverSource Wealth Advisors LLC lifted its position in shares of Tyson Foods by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock worth $109,000 after purchasing an additional 173 shares during the last quarter. Syon Capital LLC raised its stake in Tyson Foods by 5.1% during the fourth quarter. Syon Capital LLC now owns 3,563 shares of the company's stock worth $205,000 after acquiring an additional 174 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock valued at $643,000 after buying an additional 184 shares in the last quarter. Ossiam grew its position in Tyson Foods by 41.6% during the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after acquiring an additional 184 shares during the last quarter. Finally, Norinchukin Bank The increased its stake in shares of Tyson Foods by 1.7% in the fourth quarter. Norinchukin Bank The now owns 11,002 shares of the company's stock valued at $632,000 after buying an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TSN shares. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. Barclays decreased their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens increased their price target on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Finally, UBS Group assumed coverage on Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 target price for the company. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and an average target price of $61.78.

Tyson Foods Trading Up 1.1 %

TSN traded up $0.67 during trading on Wednesday, reaching $61.25. 2,959,315 shares of the company's stock were exchanged, compared to its average volume of 2,340,122. The firm has a fifty day moving average price of $60.84 and a two-hundred day moving average price of $59.76. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The stock has a market capitalization of $21.82 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. 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 posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. As a group, equities research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.27%. Tyson Foods's payout ratio is currently 67.57%.

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.