Kennedy Capital Management LLC Acquires 4,508 Shares of Tyson Foods, Inc. (NYSE:TSN)

Kennedy Capital Management LLC grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,074 shares of the company's stock after purchasing an additional 4,508 shares during the period. Kennedy Capital Management LLC's holdings in Tyson Foods were worth $2,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock valued at $67,917,000 after acquiring an additional 352,863 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Tyson Foods by 17.2% during the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after purchasing an additional 729 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Tyson Foods by 14.0% during the 4th quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock worth $3,248,000 after purchasing an additional 6,955 shares during the period. Empowered Funds LLC boosted its holdings in shares of Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after buying an additional 18,059 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Tyson Foods in the fourth quarter valued at about $775,000. Institutional investors own 67.00% of the company's stock.

Tyson Foods Price Performance

TSN traded up $0.51 during trading on Friday, reaching $61.17. The stock had a trading volume of 2,520,398 shares, compared to its average volume of 2,326,085. The business has a 50-day moving average of $60.39 and a 200-day moving average of $59.63. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The stock has a market cap of $21.79 billion, a PE ratio of 20.66, a PEG ratio of 0.74 and a beta of 0.62.

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

Tyson Foods Dividend Announcement

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 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 dividend yield of 3.27%. Tyson Foods's dividend payout ratio (DPR) is currently 67.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a report on Tuesday, February 4th. UBS Group initiated coverage on Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price for the company. Citigroup upped their price target on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Stephens boosted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $61.78.

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.