Tyson Foods, Inc. (NYSE:TSN) Holdings Increased by Dark Forest Capital Management LP

Dark Forest Capital Management LP increased its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 336.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,077 shares of the company's stock after acquiring an additional 20,872 shares during the period. Dark Forest Capital Management LP's holdings in Tyson Foods were worth $1,555,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TSN. JPMorgan Chase & Co. increased its position in shares of Tyson Foods by 44.8% during the 3rd 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 during the period. Handelsbanken Fonder AB boosted its stake in Tyson Foods by 17.2% during the fourth 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 grew its holdings in Tyson Foods by 14.0% during the fourth 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 during the period. Empowered Funds LLC lifted 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 valued at $1,395,000 after acquiring an additional 18,059 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of Tyson Foods during the 4th quarter valued at about $775,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of research reports. Hsbc Global Res upgraded shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Citigroup increased their price objective on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Barclays decreased their target price on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, January 21st. UBS Group assumed coverage on Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price for the company. Finally, HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $61.78.

Tyson Foods Trading Up 1.0 %

Shares of NYSE TSN opened at $61.39 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a one year low of $53.61 and a one year high of $66.88. The business has a 50-day moving average price of $60.53 and a two-hundred day moving average price of $59.67. The firm has a market capitalization of $21.87 billion, a PE ratio of 20.74, a PEG ratio of 0.74 and a beta of 0.62.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion during the quarter, compared to analysts' expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. As a group, analysts predict 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. Stockholders of record on Friday, May 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) is presently 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.

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