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

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

Other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its position in Tyson Foods by 64.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,265 shares of the company’s stock worth $69,000 after buying an additional 495 shares in the last quarter. Unison Advisors LLC boosted its position in Tyson Foods by 1.0% during the fourth quarter. Unison Advisors LLC now owns 24,999 shares of the company’s stock valued at $1,344,000 after purchasing an additional 250 shares during the last quarter. apricus wealth LLC grew its stake in Tyson Foods by 95.6% in the fourth quarter. apricus wealth LLC now owns 47,530 shares of the company’s stock valued at $2,555,000 after purchasing an additional 23,225 shares in the last quarter. UMB Bank n.a. increased its position in shares of Tyson Foods by 42.3% during the 4th quarter. UMB Bank n.a. now owns 6,581 shares of the company’s stock worth $354,000 after purchasing an additional 1,955 shares during the last quarter. Finally, Camelot Portfolios LLC boosted its holdings in shares of Tyson Foods by 104.7% in the 4th quarter. Camelot Portfolios LLC now owns 15,634 shares of the company’s stock valued at $840,000 after buying an additional 7,996 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on TSN shares. BMO Capital Markets upped their price target on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 7th. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $53.00 to $69.00 in a report on Tuesday, April 16th. HSBC upped their price objective on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research note on Tuesday, May 7th. StockNews.com downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Finally, Piper Sandler increased their price target on Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.00.

Tyson Foods Stock Performance

TSN stock traded up $0.05 during trading hours on Tuesday, hitting $60.91. 1,263,673 shares of the stock were exchanged, compared to its average volume of 2,563,791. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $62.04. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $21.74 billion, a P/E ratio of -34.19, a P/E/G ratio of 0.46 and a beta of 0.74. The company has a 50-day simple moving average of $57.51 and a two-hundred day simple moving average of $56.99.

Tyson Foods (NYSE:TSN) last released 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 negative net margin of 1.16% and a positive return on equity of 3.53%. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. During the same period last year, the firm earned ($0.04) earnings per share. Tyson Foods’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts forecast that Tyson Foods, Inc. will post 2.61 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

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