Quantbot Technologies LP Grows Stock Holdings in Tyson Foods, Inc. $TSN

Quantbot Technologies LP grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 78.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 50,814 shares of the company’s stock after buying an additional 22,292 shares during the period. Quantbot Technologies LP’s holdings in Tyson Foods were worth $2,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its holdings in shares of Tyson Foods by 55.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock valued at $3,273,000 after buying an additional 20,888 shares in the last quarter. Markel Group Inc. grew its position in Tyson Foods by 4.0% during the third quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock valued at $46,074,000 after acquiring an additional 32,500 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Tyson Foods by 73.4% during the third quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after acquiring an additional 795,710 shares in the last quarter. Liberty One Investment Management LLC lifted its holdings in shares of Tyson Foods by 32.1% in the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock worth $6,179,000 after acquiring an additional 27,627 shares during the last quarter. Finally, Polaris Capital Management LLC boosted its stake in shares of Tyson Foods by 20.4% in the 3rd quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock valued at $29,498,000 after purchasing an additional 91,900 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Down 2.1%

NYSE TSN opened at $63.05 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The stock has a market capitalization of $22.20 billion, a PE ratio of 112.59, a PEG ratio of 1.42 and a beta of 0.47. Tyson Foods, Inc. has a 1 year low of $50.56 and a 1 year high of $66.41. The business’s 50-day moving average is $61.85 and its 200 day moving average is $57.40.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). The business had revenue of $14.31 billion for the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. Sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.2%. Tyson Foods’s dividend payout ratio (DPR) is presently 364.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TSN. Piper Sandler lifted their target price on shares of Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. 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. JPMorgan Chase & Co. boosted their target price on Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.27.

About Tyson Foods

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.