Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 340.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,862 shares of the company's stock after acquiring an additional 13,031 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Tyson Foods were worth $969,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Tyson Foods by 10.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock valued at $109,000 after acquiring an additional 173 shares in the last quarter. Syon Capital LLC boosted its position in Tyson Foods by 5.1% in the fourth quarter. Syon Capital LLC now owns 3,563 shares of the company's stock valued at $205,000 after buying an additional 174 shares during 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 during the last quarter. Norinchukin Bank The boosted its position in 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 during the last quarter. Finally, Ossiam boosted its position in Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after buying an additional 184 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Price Performance

NYSE TSN traded up $0.12 during mid-day trading on Monday, hitting $56.06. The stock had a trading volume of 2,752,357 shares, compared to its average volume of 2,409,388. The firm's 50 day moving average is $59.76 and its 200 day moving average is $59.55. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The stock has a market capitalization of $19.97 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 0.74 and a beta of 0.63.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $0.62 EPS. The company's revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TSN shares. Stephens dropped their target price on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. StockNews.com lowered Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. Finally, Citigroup upped their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Tyson Foods currently has an average rating of "Hold" and an average price target 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.