Tyson Foods, Inc. $TSN Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,282,438 shares of the company’s stock after acquiring an additional 63,885 shares during the period. Quantinno Capital Management LP’s holdings in Tyson Foods were worth $82,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TSN. Norges Bank acquired a new position in shares of Tyson Foods in the fourth quarter valued at approximately $308,297,000. Davis Selected Advisers raised its stake in shares of Tyson Foods by 28.8% during the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after purchasing an additional 2,865,413 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new stake in shares of Tyson Foods during the fourth quarter worth $165,220,000. Pzena Investment Management LLC lifted its holdings in shares of Tyson Foods by 12.1% during the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock worth $1,099,167,000 after purchasing an additional 1,845,200 shares during the period. Finally, AQR Capital Management LLC grew its position in Tyson Foods by 34.4% in the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock valued at $363,852,000 after buying an additional 1,720,009 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $61.24 on Wednesday. The firm has a market capitalization of $21.56 billion, a P/E ratio of 48.22, a PEG ratio of 1.26 and a beta of 0.40. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48. The company’s fifty day moving average is $58.82 and its two-hundred day moving average is $61.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 EPS. Analysts forecast that Tyson Foods, Inc. will post 4.08 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is presently 160.63%.

Wall Street Analysts Forecast Growth

TSN has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a report on Thursday, June 18th. Bank of America cut their price target on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Sanford C. Bernstein lowered their price objective on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating on the stock in a report on Thursday, July 2nd. Finally, Stephens increased their target price on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $70.88.

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.