Jump Financial LLC Lowers Holdings in Tyson Foods, Inc. (NYSE:TSN)

Jump Financial LLC lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 46.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,855 shares of the company's stock after selling 9,474 shares during the quarter. Jump Financial LLC's holdings in Tyson Foods were worth $624,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its stake in shares of Tyson Foods by 66.1% in the third quarter. Barclays PLC now owns 1,122,285 shares of the company's stock valued at $66,841,000 after buying an additional 446,648 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Tyson Foods during the 3rd quarter worth $1,241,000. Arvest Bank Trust Division purchased a new stake in shares of Tyson Foods during the 3rd quarter worth $270,000. Tidal Investments LLC increased its holdings in shares of Tyson Foods by 37.5% in the 3rd quarter. Tidal Investments LLC now owns 47,059 shares of the company's stock valued at $2,803,000 after purchasing an additional 12,830 shares in the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of Tyson Foods by 12.9% in the 3rd quarter. Synovus Financial Corp now owns 6,286 shares of the company's stock valued at $374,000 after purchasing an additional 720 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Tyson Foods Trading Up 1.0 %

Shares of TSN stock opened at $61.99 on Thursday. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company has a market capitalization of $22.08 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 0.74 and a beta of 0.62. The firm has a 50-day moving average price of $60.62 and a 200 day moving average price of $59.69. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The company's quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 yield of 3.23%. Tyson Foods's payout ratio is currently 67.57%.

Analyst Ratings Changes

TSN has been the topic of several recent analyst reports. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research 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. Piper Sandler upgraded 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. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Finally, UBS Group started coverage on Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Tyson Foods presently has an average rating of "Hold" and a consensus target price of $61.78.

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.

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.