Quarry LP Reduces Position in Tyson Foods, Inc. (NYSE:TSN)

Quarry LP reduced its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 81.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,438 shares of the company's stock after selling 10,908 shares during the period. Quarry LP's holdings in Tyson Foods were worth $140,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Tyson Foods in the fourth quarter worth approximately $175,086,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Tyson Foods by 83.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock worth $69,601,000 after acquiring an additional 551,530 shares during the period. Barclays PLC lifted its holdings in shares of Tyson Foods by 66.1% in the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after buying an additional 446,648 shares during the period. Bank of New York Mellon Corp increased 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Tyson Foods during the 4th quarter valued at about $22,059,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

NYSE:TSN traded up $0.18 during trading hours on Friday, reaching $60.79. The company had a trading volume of 3,934,882 shares, compared to its average volume of 2,349,455. The firm 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, Inc. has a one year low of $53.61 and a one year high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average of $60.86 and a two-hundred day moving average of $59.78.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $13.46 billion. During the same quarter last year, the business earned $0.69 earnings per share. The company's revenue was up 2.3% compared to the same quarter last year. Analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio is 67.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TSN shares. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Stephens upped their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Barclays reduced their price target on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Finally, Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $61.78.

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.