AlphaQuest LLC Grows Stock Position in Tyson Foods, Inc. (NYSE:TSN)

AlphaQuest LLC lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 18.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,460 shares of the company’s stock after purchasing an additional 2,543 shares during the period. AlphaQuest LLC’s holdings in Tyson Foods were worth $945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Barings LLC bought a new position in shares of Tyson Foods in the fourth quarter worth $1,849,000. Larson Financial Group LLC boosted its holdings in shares of Tyson Foods by 17.3% in the fourth quarter. Larson Financial Group LLC now owns 8,689 shares of the company’s stock worth $499,000 after acquiring an additional 1,283 shares during the period. Machina Capital S.A.S. boosted its holdings in shares of Tyson Foods by 31.1% in the fourth quarter. Machina Capital S.A.S. now owns 15,546 shares of the company’s stock worth $893,000 after acquiring an additional 3,687 shares during the period. AMG National Trust Bank bought a new position in shares of Tyson Foods in the fourth quarter worth $2,844,000. Finally, West Family Investments Inc. bought a new position in shares of Tyson Foods in the fourth quarter worth $337,000. 67.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TSN shares. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Barclays dropped their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Citigroup dropped their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research note on Tuesday, February 4th. Ten 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, the company has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Trading Up 1.1 %

Shares of TSN stock opened at $61.93 on Tuesday. The firm has a market cap of $22.06 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The business has a 50-day moving average price of $57.84 and a two-hundred day moving average price of $59.95. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88.

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

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. Tyson Foods’s dividend payout ratio is presently 67.57%.

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.