Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Sciencast Management LP

Sciencast Management LP raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 189.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 52,980 shares of the company’s stock after acquiring an additional 34,705 shares during the quarter. Tyson Foods makes up about 0.8% of Sciencast Management LP’s holdings, making the stock its 20th largest holding. Sciencast Management LP’s holdings in Tyson Foods were worth $3,043,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co raised its position in shares of Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock valued at $26,000 after purchasing an additional 445 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Tyson Foods in the 3rd quarter valued at $36,000. SRS Capital Advisors Inc. raised its stake in Tyson Foods by 58.6% in the 4th 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 lifted its position in Tyson Foods by 140.7% during the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock worth $38,000 after acquiring an additional 387 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $60.46 on Friday. The firm has a market cap of $21.53 billion, a PE ratio of 20.42, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $58.55 and a 200 day moving average price of $59.77.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The business had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. Sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. 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 currently 67.57%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup dropped their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price for the company. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Stephens boosted their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $61.10.

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.