Arrowstreet Capital Limited Partnership Has $69.60 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Arrowstreet Capital Limited Partnership grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 83.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,211,722 shares of the company's stock after buying an additional 551,530 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.34% of Tyson Foods worth $69,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Riverview Trust Co raised its position in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after acquiring an additional 445 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock worth $34,000 after buying an additional 570 shares during the period. SRS Capital Advisors Inc. grew its stake in Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock valued at $36,000 after acquiring an additional 229 shares in the last quarter. TCTC Holdings LLC lifted its position in shares of Tyson Foods by 140.7% in the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after purchasing an additional 387 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in Tyson Foods in the 4th quarter worth approximately $42,000. 67.00% of the stock is owned by institutional investors and hedge funds.

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Tyson Foods Stock Performance

Shares of NYSE:TSN traded down $0.34 during trading on Wednesday, hitting $62.77. 1,527,781 shares of the stock were exchanged, compared to its average volume of 2,298,311. The company has a market capitalization of $22.36 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The company's fifty day simple moving average is $59.55 and its 200-day simple moving average is $59.64.

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

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 annualized dividend and a dividend yield of 3.19%. Tyson Foods's dividend payout ratio is currently 67.57%.

Wall Street Analysts Forecast Growth

TSN has been the topic of a number of recent research reports. Citigroup lowered their target price on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock 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. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 target price for the company. Finally, HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Tyson Foods has a consensus rating of "Hold" and a consensus target price of $61.10.

Tyson Foods 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.