Adage Capital Partners GP L.L.C. Has $12.41 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Adage Capital Partners GP L.L.C. decreased its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 19.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 216,055 shares of the company's stock after selling 53,400 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.06% of Tyson Foods worth $12,410,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after purchasing an additional 352,863 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after buying an additional 729 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Tyson Foods by 14.0% in the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock valued at $3,248,000 after acquiring an additional 6,955 shares during the last quarter. Empowered Funds LLC lifted its stake in Tyson Foods by 289.9% in the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after acquiring an additional 18,059 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of Tyson Foods during the 4th quarter worth about $775,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Performance

Tyson Foods stock traded up $0.18 during midday trading on Friday, hitting $60.79. The company's stock had a trading volume of 3,867,719 shares, compared to its average volume of 2,490,640. The company has a 50-day moving average price of $60.86 and a two-hundred day moving average price of $59.78. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The company has a market cap of $21.65 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.62. 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 issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 yield of 3.29%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TSN shares. Barclays cut their target price on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. UBS Group started coverage on Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 target price for the company. Stephens boosted their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Citigroup lifted their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. Finally, HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Nine equities research 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 currently has an average rating of "Hold" and a consensus target price 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.