CenterBook Partners LP Acquires Shares of 4,780 Tyson Foods, Inc. (NYSE:TSN)

CenterBook Partners LP purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,780 shares of the company's stock, valued at approximately $275,000.

A number of other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Tyson Foods in the fourth quarter worth $22,059,000. Martingale Asset Management L P lifted its holdings in Tyson Foods by 8.2% during the 4th quarter. Martingale Asset Management L P now owns 11,939 shares of the company's stock valued at $686,000 after buying an additional 900 shares in the last quarter. Applied Finance Capital Management LLC boosted its holdings in shares of Tyson Foods by 2.4% in the fourth quarter. Applied Finance Capital Management LLC now owns 511,745 shares of the company's stock valued at $29,395,000 after purchasing an additional 12,205 shares during the period. Bank of Nova Scotia raised its position in Tyson Foods by 449.2% during the 4th quarter. Bank of Nova Scotia now owns 200,909 shares of the company's stock valued at $11,540,000 after purchasing an additional 164,325 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Tyson Foods by 8.1% during the fourth quarter. Cerity Partners LLC now owns 21,033 shares of the company's stock valued at $1,221,000 after buying an additional 1,584 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on TSN. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. UBS Group assumed coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective for the company. HSBC upgraded 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 on the stock in a research report on Tuesday, January 21st. Finally, Citigroup increased their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $61.78.

Tyson Foods Stock Performance

Shares of Tyson Foods stock traded up $0.51 during midday trading on Friday, hitting $61.17. The company had a trading volume of 2,520,398 shares, compared to its average volume of 2,322,894. The company has a fifty day simple moving average of $60.34 and a 200 day simple moving average of $59.62. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 0.74 and a beta of 0.62. 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 - Get Free Report) last posted 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. 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 business's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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 $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.27%. Tyson Foods's dividend payout ratio (DPR) is presently 67.57%.

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.