Sciencast Management LP Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Sciencast Management LP grew its position in Tyson Foods, Inc. (NYSE:TSN) by 189.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,980 shares of the company’s stock after acquiring an additional 34,705 shares during the quarter. Tyson Foods accounts for 0.8% of Sciencast Management LP’s portfolio, making the stock its 20th biggest holding. Sciencast Management LP’s holdings in Tyson Foods were worth $3,043,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TSN. Riverview Trust Co increased its position in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company’s stock worth $26,000 after purchasing an additional 445 shares during the last quarter. Brooklyn Investment Group raised its position in shares of Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 570 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Tyson Foods in the 3rd quarter valued at about $36,000. SRS Capital Advisors Inc. increased its stake in Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock worth $36,000 after acquiring an additional 229 shares during the last quarter. Finally, TCTC Holdings LLC raised its position in Tyson Foods by 140.7% during the fourth quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after purchasing an additional 387 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Barclays cut their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Citigroup dropped their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research note on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $60.46 on Friday. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The stock’s fifty day moving average price is $58.55 and its 200-day moving average price is $59.77. The firm has a market cap of $21.53 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.74 and a beta of 0.72. 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 (NYSE:TSN) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.14 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 during the quarter, compared to analyst estimates of $13.46 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts expect 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 issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. Tyson Foods’s dividend payout ratio is presently 67.57%.

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.