Renaissance Technologies LLC Decreases Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Renaissance Technologies LLC lowered its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 993,714 shares of the company's stock after selling 148,186 shares during the quarter. Renaissance Technologies LLC owned 0.28% of Tyson Foods worth $57,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Tyson Foods by 44.8% in the 3rd 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 during the period. Handelsbanken Fonder AB grew its stake 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 worth $286,000 after purchasing an additional 729 shares during the period. Sound Income Strategies LLC boosted 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 acquiring an additional 6,955 shares in the last quarter. Empowered Funds LLC raised its position in shares of Tyson Foods by 289.9% during the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after purchasing an additional 18,059 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Tyson Foods in the fourth quarter worth about $775,000. Institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

TSN has been the subject of a number of 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. 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 report on Tuesday, February 4th. Citigroup raised their price objective on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday. Stephens increased their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Finally, UBS Group initiated coverage on Tyson Foods in a report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $61.00.

Tyson Foods Trading Down 0.9 %

Shares of NYSE:TSN traded down $0.54 during mid-day trading on Tuesday, reaching $61.03. 375,930 shares of the company's stock were exchanged, compared to its average volume of 2,315,711. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month 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 firm has a market capitalization of $21.74 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 0.74 and a beta of 0.62. The business's fifty day moving average price is $60.15 and its 200-day moving average price is $59.59.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. The business had revenue of $13.62 billion for 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 firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. On average, research analysts predict that Tyson Foods, Inc. will post 3.8 EPS 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 issued a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. Tyson Foods's payout ratio is 67.57%.

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.