Arrowstreet Capital Limited Partnership Grows Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Arrowstreet Capital Limited Partnership grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 83.5% during the fourth quarter, HoldingsChannel reports. The firm owned 1,211,722 shares of the company’s stock after buying an additional 551,530 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Tyson Foods were worth $69,601,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Riverview Trust Co lifted its holdings in Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after buying an additional 445 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 570 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in Tyson Foods by 58.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after purchasing an additional 229 shares in the last quarter. TCTC Holdings LLC increased its holdings in Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after purchasing an additional 387 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Tyson Foods in the 4th quarter valued at approximately $42,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Price Performance

Shares of TSN opened at $63.88 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The company has a market cap of $22.75 billion, a P/E ratio of 21.58, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The stock has a fifty day moving average price of $59.28 and a 200 day moving average price of $59.60.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data 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 analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 EPS. On average, research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

Analysts Set New Price Targets

TSN has been the subject of a number of recent analyst reports. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup dropped their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. UBS Group started coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Finally, Stephens lifted their target price 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. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.