PDT Partners LLC Takes Position in Tyson Foods, Inc. (NYSE:TSN)

PDT Partners LLC bought a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,279 shares of the company's stock, valued at approximately $2,371,000.

Several other institutional investors and hedge funds have also bought and sold shares of TSN. JPMorgan Chase & Co. lifted its holdings in Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock valued at $67,917,000 after purchasing an additional 352,863 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after acquiring an additional 729 shares during the last quarter. Sound Income Strategies LLC raised its holdings in Tyson Foods by 14.0% during the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock valued at $3,248,000 after buying an additional 6,955 shares during the period. Empowered Funds LLC raised its position in Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after purchasing an additional 18,059 shares during the period. Finally, Everence Capital Management Inc. purchased a new position in Tyson Foods during the 4th quarter valued at $775,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 0.3 %

TSN traded up $0.18 during trading on Friday, hitting $60.79. The stock had a trading volume of 3,934,882 shares, compared to its average volume of 2,349,455. The stock has a 50 day simple moving average of $60.85 and a two-hundred day simple moving average of $59.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company has a market capitalization of $21.65 billion, a PE ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.62.

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 analysts' consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. During the same quarter last year, the firm earned $0.69 EPS. The business's quarterly revenue was up 2.3% on a year-over-year basis. On average, research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 3.29%. Tyson Foods's dividend payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. UBS Group initiated coverage on Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective for the company. Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a report on Tuesday, February 4th. Finally, Stephens upped their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $61.78.

Tyson Foods 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.