Brevan Howard Capital Management LP Cuts Holdings in Tyson Foods, Inc. (NYSE:TSN)

Brevan Howard Capital Management LP lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 40.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,004 shares of the company’s stock after selling 16,130 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Tyson Foods were worth $1,379,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Handelsbanken Fonder AB increased its holdings in shares of Tyson Foods by 17.2% in the 4th quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock valued at $286,000 after acquiring an additional 729 shares during the last quarter. Sound Income Strategies LLC increased its stake in Tyson Foods by 14.0% in the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock valued at $3,248,000 after purchasing an additional 6,955 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Tyson Foods by 289.9% during the 4th quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock worth $1,395,000 after buying an additional 18,059 shares during the last quarter. Liberty One Investment Management LLC grew its position in shares of Tyson Foods by 7.1% in the 4th quarter. Liberty One Investment Management LLC now owns 74,648 shares of the company’s stock valued at $4,288,000 after buying an additional 4,922 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Tyson Foods by 14.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,061 shares of the company’s stock valued at $693,000 after acquiring an additional 1,532 shares during the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Stock Down 0.9 %

TSN opened at $55.24 on Thursday. The business has a 50 day simple moving average of $60.54 and a 200-day simple moving average of $59.69. Tyson Foods, Inc. has a 12 month low of $53.61 and a 12 month high of $66.88. The stock has a market capitalization of $19.67 billion, a P/E ratio of 18.66, a P/E/G ratio of 0.74 and a beta of 0.63. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 5th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same period in the previous year, the firm earned $0.62 EPS. The business’s revenue was up .0% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

TSN has been the topic of a number of research reports. Barclays dropped their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Stephens reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research report on Tuesday, February 4th. Finally, StockNews.com lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.63.

Tyson Foods Company Profile

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.