Dark Forest Capital Management LP Buys 20,872 Shares of Tyson Foods, Inc. (NYSE:TSN)

Dark Forest Capital Management LP raised its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 336.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,077 shares of the company's stock after purchasing an additional 20,872 shares during the period. Dark Forest Capital Management LP's holdings in Tyson Foods were worth $1,555,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Norges Bank purchased a new position in Tyson Foods in the 4th quarter valued at about $175,086,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Tyson Foods by 83.5% in the 4th 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 last quarter. Barclays PLC raised its position in Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after purchasing an additional 446,648 shares during the period. Bank of New York Mellon Corp boosted its position 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 worth $190,454,000 after purchasing an additional 427,582 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Tyson Foods during the fourth quarter worth about $22,059,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of TSN traded down $0.29 during trading hours on Monday, reaching $60.33. 435,396 shares of the company's stock traded hands, compared to its average volume of 2,446,894. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The firm has a market capitalization of $21.49 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 0.74 and a beta of 0.62. The business's fifty day simple moving average is $60.76 and its two-hundred day simple moving average is $59.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TSN shares. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. UBS Group initiated coverage on shares of Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target for the company. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Stephens raised their price objective 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. Finally, Citigroup lifted their target price 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. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Tyson Foods presently has an average rating of "Hold" and an average price target of $61.78.

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.