Sciencast Management LP Purchases 34,705 Shares of Tyson Foods, Inc. (NYSE:TSN)

Sciencast Management LP grew its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 189.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 52,980 shares of the company's stock after acquiring an additional 34,705 shares during the period. Tyson Foods comprises about 0.8% of Sciencast Management LP's holdings, making the stock its 20th largest holding. Sciencast Management LP's holdings in Tyson Foods were worth $3,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Riverview Trust Co boosted its position in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares in the last quarter. Brooklyn Investment Group lifted its position in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after buying an additional 570 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Tyson Foods during the 3rd quarter valued at $36,000. SRS Capital Advisors Inc. grew its position in shares of Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after buying an additional 229 shares during the period. Finally, TCTC Holdings LLC increased its stake in shares of Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company's stock worth $38,000 after acquiring an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens boosted their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Citigroup cut their price target on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a research note on Tuesday, February 4th. Finally, HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $61.10.

Tyson Foods Stock Up 2.7 %

Shares of TSN stock traded up $1.63 during mid-day trading on Wednesday, hitting $61.58. The company's stock had a trading volume of 1,790,812 shares, compared to its average volume of 2,149,777. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 0.74 and a beta of 0.72. The business has a 50-day moving average price of $58.74 and a 200 day moving average price of $59.62.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates 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 previous year, the firm earned $0.69 EPS. Tyson Foods's revenue was up 2.3% on a year-over-year basis. Research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 3.25%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is presently 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.