Versor Investments LP Increases Stake in Tyson Foods, Inc. (NYSE:TSN)

Versor Investments LP boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 42.3% during the 4th quarter, Holdings Channel reports. The firm owned 28,747 shares of the company’s stock after acquiring an additional 8,547 shares during the quarter. Versor Investments LP’s holdings in Tyson Foods were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC raised its stake in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Tyson Foods in the third quarter worth $36,000. ST Germain D J Co. Inc. purchased a new position in shares of Tyson Foods during the fourth quarter worth $42,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Tyson Foods during the fourth quarter worth $53,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Tyson Foods stock opened at $60.30 on Thursday. The stock has a market capitalization of $21.48 billion, a P/E ratio of 20.37, a P/E/G ratio of 0.74 and a beta of 0.80. The company’s fifty day moving average price is $57.31 and its 200 day moving average price is $60.02. 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 1 year low of $52.11 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same quarter last year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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 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 dividend yield of 3.32%. Tyson Foods’s payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

TSN has been the topic of several analyst reports. BMO Capital Markets increased their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. UBS Group started coverage on Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. Stephens boosted their price target on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. 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 research report on Tuesday, February 4th. Finally, Barclays cut their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and an average target price of $61.10.

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.