Quantbot Technologies LP Acquires New Position in Tyson Foods, Inc. $TSN

Quantbot Technologies LP acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 28,522 shares of the company’s stock, valued at approximately $1,596,000.

A number of other hedge funds also recently added to or reduced their stakes in TSN. Zions Bancorporation National Association UT acquired a new stake in shares of Tyson Foods during the 1st quarter valued at approximately $28,000. NewSquare Capital LLC raised its holdings in Tyson Foods by 175.3% during the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after purchasing an additional 326 shares during the last quarter. Matrix Trust Co boosted its position in Tyson Foods by 28,200.0% during the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares in the last quarter. First Command Advisory Services Inc. grew its holdings in Tyson Foods by 389.8% in the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after purchasing an additional 460 shares during the last quarter. Finally, MTM Investment Management LLC purchased a new position in shares of Tyson Foods in the second quarter valued at $36,000. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyson Foods

In other news, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $57.19, for a total transaction of $373,965.41. Following the completion of the transaction, the chief financial officer owned 31,833 shares of the company’s stock, valued at $1,820,529.27. This represents a 17.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman John H. Tyson sold 100,301 shares of the stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the transaction, the chairman owned 2,989,415 shares in the company, valued at approximately $173,535,540.75. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.03% of the company’s stock.

Tyson Foods Stock Performance

NYSE:TSN opened at $56.86 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.55 and a quick ratio of 0.66. The firm has a market cap of $20.07 billion, a PE ratio of 42.75, a P/E/G ratio of 1.31 and a beta of 0.47. The firm has a 50 day simple moving average of $53.80 and a 200-day simple moving average of $54.78. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $64.36.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. The firm had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.08 billion. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. Tyson Foods’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. On average, equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.51 dividend. The ex-dividend date is Friday, February 27th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 3.6%. Tyson Foods’s payout ratio is currently 153.38%.

Wall Street Analyst Weigh In

Several research firms recently commented on TSN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday, December 1st. Santander began coverage on shares of Tyson Foods in a report on Thursday, September 25th. They issued a “neutral” rating on the stock. Bank of America lowered their price target on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. began coverage on Tyson Foods in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $60.75.

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.