Caxton Associates LP Invests $391,000 in Tyson Foods, Inc. (NYSE:TSN)

Caxton Associates LP acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,809 shares of the company’s stock, valued at approximately $391,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. EverSource Wealth Advisors LLC increased its stake in shares of Tyson Foods by 10.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock worth $109,000 after purchasing an additional 173 shares in the last quarter. Syon Capital LLC boosted its holdings in Tyson Foods by 5.1% in the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company’s stock worth $205,000 after buying an additional 174 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Tyson Foods by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after buying an additional 184 shares in the last quarter. Norinchukin Bank The raised its holdings in Tyson Foods by 1.7% during the fourth quarter. Norinchukin Bank The now owns 11,002 shares of the company’s stock valued at $632,000 after acquiring an additional 184 shares during the period. Finally, Ossiam lifted its position in shares of Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company’s stock valued at $36,000 after acquiring an additional 184 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TSN shares. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research report on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut 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 note on Tuesday. Citigroup boosted their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 15th. Finally, UBS Group started coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average target price of $62.63.

Tyson Foods Stock Down 0.9 %

Shares of NYSE:TSN opened at $55.24 on Thursday. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 0.74 and a beta of 0.63. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $60.54 and a 200 day moving average price of $59.69.

Tyson Foods (NYSE:TSN) last announced 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. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $13.15 billion. During the same quarter in the previous year, the business earned $0.62 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods 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.