Bayesian Capital Management LP Sells 10,300 Shares of Tyson Foods, Inc. (NYSE:TSN)

Bayesian Capital Management LP cut its holdings in Tyson Foods, Inc. (NYSE:TSN) by 39.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,100 shares of the company’s stock after selling 10,300 shares during the period. Bayesian Capital Management LP’s holdings in Tyson Foods were worth $925,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TSN. Vanguard Group Inc. increased its stake in shares of Tyson Foods by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company’s stock worth $2,051,433,000 after purchasing an additional 325,361 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Tyson Foods by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,994,356 shares of the company’s stock valued at $400,712,000 after acquiring an additional 178,785 shares in the last quarter. Northern Trust Corp grew its position in shares of Tyson Foods by 2.6% during the fourth quarter. Northern Trust Corp now owns 4,700,796 shares of the company’s stock worth $270,014,000 after purchasing an additional 118,402 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Tyson Foods by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after purchasing an additional 427,582 shares during the period. Finally, Norges Bank bought a new stake in shares of Tyson Foods during the fourth quarter valued at approximately $175,086,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

TSN stock opened at $56.25 on Tuesday. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The business’s fifty day simple moving average is $60.76 and its two-hundred day simple moving average is $59.75.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.56%. Tyson Foods’s payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TSN shares. Barclays reduced their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a report on Tuesday, February 4th. UBS Group started coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Citigroup upped their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, April 15th. Finally, 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. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.78.

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.