Quantinno Capital Management LP Acquires 104,955 Shares of Tyson Foods, Inc. (NYSE:TSN)

Quantinno Capital Management LP raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 375.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,892 shares of the company's stock after purchasing an additional 104,955 shares during the period. Quantinno Capital Management LP's holdings in Tyson Foods were worth $7,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Tyson Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock valued at $2,051,433,000 after purchasing an additional 325,361 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tyson Foods by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock valued at $400,712,000 after purchasing an additional 178,785 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Tyson Foods by 2.6% during the 4th quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after purchasing an additional 118,402 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Tyson Foods by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after purchasing an additional 427,582 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Tyson Foods during the 4th quarter valued at about $175,086,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Up 0.2%

Tyson Foods stock traded up $0.12 during midday trading on Monday, reaching $56.06. The stock had a trading volume of 2,752,357 shares, compared to its average volume of 2,409,388. 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 52-week low of $53.61 and a 52-week high of $66.88. The firm 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. The company has a fifty day moving average of $59.76 and a 200 day moving average of $59.55.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 EPS. On average, analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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. The ex-dividend date is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.57%. Tyson Foods's dividend payout ratio is currently 77.82%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TSN. 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 research report on Tuesday, February 4th. StockNews.com cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Barclays decreased their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Citigroup upped their target price on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.