Sherbrooke Park Advisers LLC Has $969,000 Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Sherbrooke Park Advisers LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 340.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,862 shares of the company’s stock after purchasing an additional 13,031 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Tyson Foods were worth $969,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Tyson Foods during the 4th quarter worth about $175,086,000. Arrowstreet Capital Limited Partnership grew its holdings in Tyson Foods by 83.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company’s stock valued at $69,601,000 after buying an additional 551,530 shares in the last quarter. Barclays PLC increased its position in Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company’s stock worth $66,841,000 after buying an additional 446,648 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Tyson Foods by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock valued at $190,454,000 after acquiring an additional 427,582 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Tyson Foods during the 4th quarter worth approximately $22,059,000. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on TSN. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday, February 3rd. Citigroup increased their price target on shares of Tyson Foods from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 15th. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective for the company in a research report on Tuesday, February 4th. StockNews.com downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Finally, Hsbc Global Res upgraded Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.63.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $55.61 on Friday. The stock has a fifty day moving average of $59.86 and a 200-day moving average of $59.55. The stock has a market cap of $19.81 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 0.74 and a beta of 0.63. 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, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.07 billion for the quarter, compared to analysts’ expectations of $13.15 billion. During the same period in the prior year, the business posted $0.62 earnings per share. The company’s revenue was up .0% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $0.50 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 3.60%. Tyson Foods’s payout ratio is currently 77.82%.

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.