Arrowstreet Capital Limited Partnership Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Arrowstreet Capital Limited Partnership boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 83.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,211,722 shares of the company’s stock after acquiring an additional 551,530 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.34% of Tyson Foods worth $69,601,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cerity Partners LLC lifted its stake in shares of Tyson Foods by 20.6% in the third quarter. Cerity Partners LLC now owns 19,449 shares of the company’s stock valued at $1,158,000 after purchasing an additional 3,320 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Tyson Foods by 4.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,547 shares of the company’s stock valued at $7,239,000 after acquiring an additional 5,658 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Tyson Foods by 13.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 12,435 shares of the company’s stock worth $741,000 after acquiring an additional 1,500 shares during the period. Martingale Asset Management L P increased its stake in Tyson Foods by 175.1% in the 3rd quarter. Martingale Asset Management L P now owns 11,039 shares of the company’s stock valued at $657,000 after purchasing an additional 7,026 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Tyson Foods by 3,833.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 215,478 shares of the company’s stock worth $12,834,000 after purchasing an additional 210,000 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

TSN has been the subject of a number of research analyst reports. Stephens raised their price target on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Citigroup lowered their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays cut their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Finally, Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.10.

Tyson Foods Price Performance

TSN stock opened at $63.88 on Tuesday. The company has a market cap of $22.75 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $59.28 and a two-hundred day moving average price of $59.60. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $13.46 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. Tyson Foods’s payout ratio is 67.57%.

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.