Trexquant Investment LP Increases Stake in Tyson Foods, Inc. (NYSE:TSN)

Trexquant Investment LP lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 203.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 321,693 shares of the company's stock after acquiring an additional 215,692 shares during the quarter. Trexquant Investment LP owned approximately 0.09% of Tyson Foods worth $18,478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock valued at $67,917,000 after purchasing an additional 352,863 shares in the last quarter. Handelsbanken Fonder AB lifted 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 valued at $286,000 after buying an additional 729 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Tyson Foods by 14.0% in 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 period. Empowered Funds LLC boosted its holdings in Tyson Foods by 289.9% in the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock worth $1,395,000 after buying an additional 18,059 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in Tyson Foods in the 4th quarter worth $775,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

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Tyson Foods Trading Down 0.5 %

Shares of NYSE:TSN traded down $0.34 during trading on Wednesday, reaching $62.77. 1,527,781 shares of the company were exchanged, compared to its average volume of 2,298,311. 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 $22.36 billion, a PE ratio of 21.21, a P/E/G ratio of 0.74 and a beta of 0.72. The business's fifty day simple moving average is $59.55 and its 200-day simple moving average is $59.64. 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 quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The business's revenue for the quarter 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 company 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 $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.19%. Tyson Foods's dividend payout ratio (DPR) is 67.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSN. 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 note on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. UBS Group started coverage on shares of Tyson Foods in a research note on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target on the stock. Barclays cut their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Finally, Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $61.10.

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.