Versor Investments LP Grows Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Versor Investments LP increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 141.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 26,600 shares of the company’s stock after acquiring an additional 15,600 shares during the period. Versor Investments LP’s holdings in Tyson Foods were worth $1,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in shares of Tyson Foods by 5,292.3% during the 4th quarter. International Assets Investment Management LLC now owns 19,520 shares of the company’s stock worth $1,049,000 after purchasing an additional 19,158 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Tyson Foods by 18.6% during the fourth quarter. Fisher Asset Management LLC now owns 48,507 shares of the company’s stock valued at $2,607,000 after acquiring an additional 7,623 shares during the last quarter. Amalgamated Bank raised its stake in shares of Tyson Foods by 3.0% in the 4th quarter. Amalgamated Bank now owns 73,416 shares of the company’s stock valued at $3,946,000 after acquiring an additional 2,170 shares during the period. TCG Advisory Services LLC lifted its holdings in shares of Tyson Foods by 72.2% in the 4th quarter. TCG Advisory Services LLC now owns 12,215 shares of the company’s stock worth $657,000 after acquiring an additional 5,123 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Tyson Foods by 17.8% during the 4th quarter. National Bank of Canada FI now owns 242,592 shares of the company’s stock worth $13,471,000 after purchasing an additional 36,647 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TSN shares. JPMorgan Chase & Co. upped their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Piper Sandler increased their target price on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Bank of America lowered their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. BMO Capital Markets boosted their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. Finally, Barclays raised their price objective on shares of Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.00.

Tyson Foods Stock Up 0.2 %

Shares of Tyson Foods stock traded up $0.15 on Monday, reaching $64.31. 2,055,700 shares of the company were exchanged, compared to its average volume of 2,561,100. The stock’s 50 day moving average price is $60.16 and its 200-day moving average price is $58.38. The company has a market cap of $22.88 billion, a P/E ratio of -36.13, a price-to-earnings-growth ratio of 0.45 and a beta of 0.74. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $65.71. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. During the same quarter in the previous year, the business posted $0.15 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, equities analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is -110.11%.

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.