Nebula Research & Development LLC Makes New Investment in Tyson Foods, Inc. (NYSE:TSN)

Nebula Research & Development LLC purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,834 shares of the company's stock, valued at approximately $1,082,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Credit Industriel ET Commercial acquired a new position in Tyson Foods in the 4th quarter valued at approximately $316,000. Cigogne Management SA bought a new stake in shares of Tyson Foods in the fourth quarter worth $316,000. Syon Capital LLC increased its holdings in Tyson Foods by 5.1% in the fourth quarter. Syon Capital LLC now owns 3,563 shares of the company's stock valued at $205,000 after purchasing an additional 174 shares during the period. Dark Forest Capital Management LP raised its position in Tyson Foods by 336.4% during the 4th quarter. Dark Forest Capital Management LP now owns 27,077 shares of the company's stock worth $1,555,000 after purchasing an additional 20,872 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in Tyson Foods by 35.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 83,960 shares of the company's stock worth $4,823,000 after buying an additional 21,811 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $60.58 on Friday. The business has a 50-day simple moving average of $60.76 and a 200 day simple moving average of $59.73. 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 current ratio of 2.11 and a quick ratio of 1.04. The firm has a market capitalization of $21.58 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 0.74 and a beta of 0.62.

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

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is currently 67.57%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TSN shares. Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Citigroup upped their price objective on shares of Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target on the stock. Finally, HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $61.78.

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.

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