Magnetar Financial LLC Purchases 22,426 Shares of Tyson Foods, Inc. (NYSE:TSN)

Magnetar Financial LLC grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 273.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,614 shares of the company’s stock after buying an additional 22,426 shares during the period. Magnetar Financial LLC’s holdings in Tyson Foods were worth $1,758,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after purchasing an additional 352,863 shares during the period. Handelsbanken Fonder AB increased its position in shares of Tyson Foods by 17.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock worth $286,000 after purchasing an additional 729 shares during the period. Sound Income Strategies LLC increased its position in shares of Tyson Foods by 14.0% in the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after purchasing an additional 6,955 shares during the period. Empowered Funds LLC increased its position in shares of Tyson Foods by 289.9% in the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock worth $1,395,000 after purchasing an additional 18,059 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in Tyson Foods in the fourth quarter valued at about $775,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.6 %

TSN stock opened at $60.40 on Friday. The stock has a fifty day moving average of $58.43 and a 200-day moving average of $59.80. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88. The company has a market capitalization of $21.52 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 0.74 and a beta of 0.72. 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 released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 EPS. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TSN. Stephens raised their price objective on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Citigroup reduced their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Barclays reduced their price objective 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. Finally, UBS Group assumed coverage on Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price target on the stock. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $61.10.

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.