Tyson Foods, Inc. $TSN Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 252.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 66,763 shares of the company’s stock after acquiring an additional 47,841 shares during the period. Edgestream Partners L.P.’s holdings in Tyson Foods were worth $4,278,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Tyson Foods during the 4th quarter valued at about $308,297,000. Davis Selected Advisers boosted its stake in shares of Tyson Foods by 28.8% in the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after buying an additional 2,865,413 shares during the last quarter. Life Cycle Investment Partners Ltd purchased a new stake in shares of Tyson Foods in the fourth quarter worth about $165,220,000. Pzena Investment Management LLC grew its holdings in Tyson Foods by 12.1% during the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after acquiring an additional 1,845,200 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Tyson Foods by 34.4% during the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after acquiring an additional 1,720,009 shares during the period. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Price Performance

NYSE:TSN opened at $57.87 on Friday. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $20.38 billion, a PE ratio of 45.57, a price-to-earnings-growth ratio of 1.26 and a beta of 0.40. The stock’s 50-day moving average price is $58.45 and its 200-day moving average price is $61.85.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.Tyson Foods’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. As a group, equities analysts expect that Tyson Foods, Inc. will post 4.08 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.51 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods’s payout ratio is 160.63%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TSN. Stephens lifted their price target on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Bank of America lowered their price objective on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Wall Street Zen lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus price target of $70.67.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.