Bayesian Capital Management LP Purchases New Position in Tyson Foods, Inc. (NYSE:TSN)

Bayesian Capital Management LP acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) in the first quarter, according to its most recent filing with the SEC. The fund acquired 26,755 shares of the company’s stock, valued at approximately $1,571,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSN. Price T Rowe Associates Inc. MD boosted its stake in shares of Tyson Foods by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after purchasing an additional 128,274 shares during the period. Pzena Investment Management LLC grew its holdings in Tyson Foods by 79.2% in the 1st quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock worth $619,605,000 after acquiring an additional 4,662,332 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Tyson Foods by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock valued at $555,541,000 after acquiring an additional 606,518 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Tyson Foods by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,647,913 shares of the company’s stock valued at $357,325,000 after acquiring an additional 49,540 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Tyson Foods by 153.2% during the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after purchasing an additional 2,920,479 shares during the period. Institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TSN shares. The Goldman Sachs Group upped their price target on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Bank of America decreased their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research report on Tuesday, May 7th. Piper Sandler raised their target price on shares of Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Finally, HSBC boosted their price target on shares of Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.00.

Tyson Foods Stock Up 0.1 %

NYSE:TSN traded up $0.05 during mid-day trading on Tuesday, hitting $60.91. 1,263,673 shares of the company’s stock were exchanged, compared to its average volume of 2,563,791. The company has a market cap of $21.74 billion, a PE ratio of -34.19, a P/E/G ratio of 0.46 and a beta of 0.74. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $62.04. The business has a fifty day moving average price of $57.51 and a 200 day moving average price of $56.99.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The firm had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.16 billion. During the same period in the previous year, the firm posted ($0.04) EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts predict that Tyson Foods, Inc. will post 2.61 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, August 30th. This represents a $1.96 annualized dividend and a dividend yield of 3.22%. Tyson Foods’s payout ratio is presently -110.11%.

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.