Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Magnetar Financial LLC

Magnetar Financial LLC grew its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 273.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,614 shares of the company's stock after buying an additional 22,426 shares during the quarter. Magnetar Financial LLC's holdings in Tyson Foods were worth $1,758,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in Tyson Foods by 44.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after purchasing an additional 352,863 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Tyson Foods by 17.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock valued at $286,000 after acquiring an additional 729 shares during the period. Sound Income Strategies LLC lifted 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 buying an additional 6,955 shares during the last quarter. Empowered Funds LLC increased its position in Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after acquiring an additional 18,059 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in shares of Tyson Foods during the 4th quarter worth $775,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on TSN shares. Barclays reduced their price target on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. Stephens boosted their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Finally, HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of "Hold" and a consensus price target of $61.10.

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Tyson Foods Trading Down 0.7 %

Shares of NYSE:TSN traded down $0.44 during trading on Tuesday, reaching $59.93. 1,639,858 shares of the company were exchanged, compared to its average volume of 2,151,757. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The firm has a market capitalization of $21.35 billion, a PE ratio of 20.25, a P/E/G ratio of 0.74 and a beta of 0.72. The business's fifty day simple moving average is $58.65 and its 200-day simple moving average is $59.66. 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 (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $1.14 EPS 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 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 company posted $0.69 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. On average, research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.34%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is 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.