VELA Investment Management LLC Raises Holdings in Tyson Foods, Inc. (NYSE:TSN)

VELA Investment Management LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 29.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,141 shares of the company’s stock after acquiring an additional 2,791 shares during the quarter. VELA Investment Management LLC’s holdings in Tyson Foods were worth $697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC boosted its holdings in Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after acquiring an additional 210 shares during the period. Brooklyn Investment Group boosted its holdings in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 570 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Tyson Foods in the 3rd quarter worth approximately $36,000. ST Germain D J Co. Inc. purchased a new stake in Tyson Foods in the 4th quarter worth approximately $42,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Tyson Foods in the 4th quarter worth approximately $53,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Trading Up 1.2 %

TSN opened at $61.01 on Friday. The stock has a market cap of $21.73 billion, a PE ratio of 20.61, a PEG ratio of 0.74 and a beta of 0.80. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $57.37 and a 200-day moving average of $60.03. Tyson Foods, Inc. has a 52 week low of $52.11 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same quarter last year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TSN shares. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday, February 3rd. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a report on Tuesday, February 4th. BMO Capital Markets increased their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Citigroup dropped their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, UBS Group started coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.10.

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.