Tyson Foods, Inc. $TSN Shares Purchased by Entropy Technologies LP

Entropy Technologies LP raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 66.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,607 shares of the company’s stock after purchasing an additional 35,311 shares during the quarter. Entropy Technologies LP’s holdings in Tyson Foods were worth $5,194,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its position in shares of Tyson Foods by 10.1% in the 4th quarter. Barclays PLC now owns 893,793 shares of the company’s stock worth $52,394,000 after acquiring an additional 82,337 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Tyson Foods in the 4th quarter worth approximately $249,000. Atlas Capital Advisors Inc. acquired a new position in shares of Tyson Foods in the 4th quarter worth approximately $384,000. Aptus Capital Advisors LLC acquired a new position in shares of Tyson Foods in the 4th quarter worth approximately $1,261,000. Finally, Jacobi Capital Management LLC grew its position in shares of Tyson Foods by 4.7% in the 4th quarter. Jacobi Capital Management LLC now owns 14,986 shares of the company’s stock worth $878,000 after acquiring an additional 669 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.0%

Shares of NYSE TSN opened at $57.41 on Monday. The company has a market cap of $20.22 billion, a price-to-earnings ratio of 45.21, a price-to-earnings-growth ratio of 1.17 and a beta of 0.38. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $63.69 and its 200 day simple moving average is $61.86.

Tyson Foods (NYSE:TSN) last announced its 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 for the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. Equities research analysts expect that Tyson Foods, Inc. will post 4.14 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.6%. Tyson Foods’s payout ratio is presently 160.63%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Stephens lifted their target price on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Mizuho started coverage on Tyson Foods in a research report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 target price for the company. Finally, Piper Sandler reissued an “overweight” rating and issued a $80.00 price target on shares of Tyson Foods in a report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.27.

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.