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

Magnetar Financial LLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 273.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,614 shares of the company’s stock after purchasing an additional 22,426 shares during the quarter. Magnetar Financial LLC’s holdings in Tyson Foods were worth $1,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock valued at $67,917,000 after purchasing an additional 352,863 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock valued at $286,000 after purchasing an additional 729 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Tyson Foods by 14.0% during 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 in the last quarter. Empowered Funds LLC boosted its position in shares of Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock valued at $1,395,000 after purchasing an additional 18,059 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of Tyson Foods during the fourth quarter valued at approximately $775,000. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Trading Down 0.6 %

Shares of NYSE TSN opened at $60.40 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The business’s 50 day moving average price is $58.43 and its 200-day moving average price is $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 cap of $21.52 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Tyson Foods’s revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. 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 (DPR) is presently 67.57%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. 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 objective for the company. Barclays lowered their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Piper Sandler upgraded Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research note on Tuesday, February 4th. HSBC upgraded Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Stephens boosted their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock 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.