Tyson Foods, Inc. $TSN Stake Reduced by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,761,781 shares of the company’s stock after selling 200,052 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Tyson Foods were worth $103,276,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Tyson Foods in the 4th quarter worth approximately $308,297,000. Davis Selected Advisers grew its position in 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 acquired a new position in Tyson Foods in the fourth quarter worth approximately $165,220,000. AQR Capital Management LLC increased its holdings in shares of Tyson Foods by 34.4% in the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock valued at $363,852,000 after buying an additional 1,720,009 shares in the last quarter. Finally, Pzena Investment Management LLC increased its holdings in shares of Tyson Foods by 10.7% in the fourth quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock valued at $897,502,000 after buying an additional 1,480,987 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TSN. Piper Sandler reiterated an “overweight” rating and issued a $80.00 price target on shares of Tyson Foods in a research report on Monday, May 4th. Mizuho initiated coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 price objective for the company. Weiss Ratings cut shares of Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Stephens lifted their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.27.

Tyson Foods Stock Down 0.3%

NYSE:TSN opened at $57.28 on Tuesday. The business’s fifty day moving average price is $63.54 and its 200 day moving average price is $61.86. The firm has a market capitalization of $20.17 billion, a price-to-earnings ratio of 45.10, a PEG ratio of 1.17 and a beta of 0.38. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same period in the prior year, the business earned $0.92 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 4.14 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently declared 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is 160.63%.

Tyson Foods 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.