CenterBook Partners LP Purchases Shares of 4,780 Tyson Foods, Inc. (NYSE:TSN)

CenterBook Partners LP acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,780 shares of the company’s stock, valued at approximately $275,000.

Several other hedge funds also recently modified their holdings of TSN. Norges Bank bought a new position in Tyson Foods in the fourth quarter valued at approximately $175,086,000. Arrowstreet Capital Limited Partnership increased its holdings in Tyson Foods by 83.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company’s stock worth $69,601,000 after buying an additional 551,530 shares during the last quarter. Barclays PLC raised its position in Tyson Foods by 66.1% during the third quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after acquiring an additional 446,648 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after acquiring an additional 427,582 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Tyson Foods in the 4th quarter valued at about $22,059,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.6 %

TSN stock opened at $60.49 on Friday. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The company has a market capitalization of $21.55 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. The company’s 50-day simple moving average is $60.06 and its 200 day simple moving average is $59.58. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last announced 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 net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.31%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup dropped their target price 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 assumed coverage on Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Stephens boosted their target price on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Finally, 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 note on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.