Trexquant Investment LP Purchases 215,692 Shares of Tyson Foods, Inc. (NYSE:TSN)

Trexquant Investment LP raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 203.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 321,693 shares of the company’s stock after acquiring an additional 215,692 shares during the period. Trexquant Investment LP’s holdings in Tyson Foods were worth $18,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Headlands Technologies LLC grew its stake in Tyson Foods by 8.6% in the 4th quarter. Headlands Technologies LLC now owns 17,310 shares of the company’s stock valued at $994,000 after buying an additional 1,370 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Tyson Foods by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock valued at $400,712,000 after purchasing an additional 178,785 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Tyson Foods by 8.3% during the 4th quarter. Franklin Resources Inc. now owns 86,140 shares of the company’s stock valued at $4,948,000 after purchasing an additional 6,634 shares during the period. AIA Group Ltd lifted its holdings in Tyson Foods by 117.4% during the 4th quarter. AIA Group Ltd now owns 15,370 shares of the company’s stock worth $883,000 after purchasing an additional 8,299 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in Tyson Foods by 467.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 86,025 shares of the company’s stock worth $4,941,000 after purchasing an additional 70,860 shares during the period. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSN. Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Stephens increased their target price 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. UBS Group assumed coverage on Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective on the stock. Barclays reduced their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target on the stock in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Performance

NYSE:TSN opened at $63.88 on Tuesday. The company has a market capitalization of $22.75 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 0.74 and a beta of 0.72. 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, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The business has a 50 day moving average of $59.28 and a 200 day moving average of $59.60.

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

Tyson Foods Announces Dividend

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 paid a $0.50 dividend. 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 3.13%. Tyson Foods’s dividend payout ratio (DPR) is currently 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.