Quantbot Technologies LP Buys 69,711 Shares of Tyson Foods, Inc. (NYSE:TSN)

Quantbot Technologies LP lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 566.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,008 shares of the company's stock after purchasing an additional 69,711 shares during the period. Quantbot Technologies LP's holdings in Tyson Foods were worth $4,711,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp grew its position in shares of Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company's stock worth $792,438,000 after buying an additional 859,351 shares during the last quarter. Barclays PLC boosted its holdings in 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 acquiring an additional 446,648 shares in the last quarter. Bank of New York Mellon Corp increased its position in Tyson Foods by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company's stock valued at $190,454,000 after purchasing an additional 427,582 shares during the period. Raymond James Financial Inc. purchased a new position in Tyson Foods during the 4th quarter valued at $22,059,000. Finally, JPMorgan Chase & Co. raised its holdings in Tyson Foods by 44.8% in 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 in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

Analyst Ratings Changes

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

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Tyson Foods Stock Up 0.5 %

Shares of NYSE TSN traded up $0.29 during trading on Wednesday, reaching $60.80. The company had a trading volume of 2,140,653 shares, compared to its average volume of 2,145,099. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The business's 50-day moving average is $58.22 and its 200 day moving average is $59.79. The stock has a market cap of $21.66 billion, a PE ratio of 20.54, a P/E/G ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN - Get Free Report) last announced 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 company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. Tyson Foods's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS. As a group, equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 annualized dividend and a yield of 3.29%. Tyson Foods's dividend payout ratio is 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.