Tyson Foods, Inc. $TSN Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 34.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,346 shares of the company’s stock after selling 26,419 shares during the period. AlphaQuest LLC’s holdings in Tyson Foods were worth $2,951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC raised its position in 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 purchasing an additional 1,480,987 shares during the period. State Street Corp raised its position in Tyson Foods by 0.6% in the third quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after purchasing an additional 85,282 shares during the period. Davis Selected Advisers raised 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 valued at $751,951,000 after purchasing an additional 2,865,413 shares during the period. AQR Capital Management LLC raised its position in 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 purchasing an additional 1,720,009 shares during the period. Finally, Invesco Ltd. raised its position in Tyson Foods by 1.8% in the third quarter. Invesco Ltd. now owns 5,972,015 shares of the company’s stock valued at $324,280,000 after purchasing an additional 107,884 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

TSN stock opened at $65.03 on Wednesday. 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 company has a market capitalization of $22.90 billion, a PE ratio of 51.21, a P/E/G ratio of 1.34 and a beta of 0.40. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48. The business’s fifty day moving average price is $64.47 and its 200 day moving average price is $61.41.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.87 earnings per share (EPS) 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 company’s quarterly revenue 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. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 4.1 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.1%. Tyson Foods’s dividend payout ratio is 160.63%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TSN. BMO Capital Markets reiterated an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. Mizuho began coverage on Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Finally, Weiss Ratings upgraded Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $68.27.

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.