Schonfeld Strategic Advisors LLC Cuts Stake in Tyson Foods, Inc. (NYSE:TSN)

Schonfeld Strategic Advisors LLC lessened its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 69.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,760 shares of the company's stock after selling 59,683 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Tyson Foods were worth $1,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in 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 raised its holdings in Tyson Foods by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company's stock worth $400,712,000 after purchasing an additional 178,785 shares during the last quarter. Northern Trust Corp boosted its stake in Tyson Foods by 2.6% in the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company's stock valued at $270,014,000 after acquiring an additional 118,402 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Tyson Foods by 14.8% during the fourth 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 period. Finally, Norges Bank bought a new position in Tyson Foods during the fourth quarter worth about $175,086,000. Institutional investors own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

TSN has been the subject of several recent research reports. 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 shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Piper Sandler upgraded 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 lowered Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Citigroup boosted their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Tyson Foods has an average rating of "Hold" and an average target price of $62.63.

Tyson Foods Stock Down 1.8 %

TSN stock traded down $1.03 during midday trading on Friday, reaching $55.31. 2,803,797 shares of the company's stock traded hands, compared to its average volume of 2,379,244. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a market cap of $19.70 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 0.74 and a beta of 0.63. The firm's fifty day moving average price is $60.33 and its 200-day moving average price is $59.65. 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 (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.15 billion. During the same quarter in the previous year, the business earned $0.62 EPS. The company's quarterly revenue was up .0% on a year-over-year basis. As a group, sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

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.