AQR Capital Management LLC Grows Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

AQR Capital Management LLC increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 163.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,686 shares of the company’s stock after purchasing an additional 118,816 shares during the period. AQR Capital Management LLC owned 0.05% of Tyson Foods worth $10,817,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its holdings in Tyson Foods by 2.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 410,324 shares of the company’s stock worth $22,055,000 after purchasing an additional 8,606 shares in the last quarter. NEOS Investment Management LLC purchased a new stake in Tyson Foods in the fourth quarter valued at $217,000. Capital Research Global Investors grew its holdings in shares of Tyson Foods by 153.2% during the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after purchasing an additional 2,920,479 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Tyson Foods by 151.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 36,981 shares of the company’s stock worth $1,988,000 after purchasing an additional 22,249 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Tyson Foods by 14.2% in the 4th quarter. 1832 Asset Management L.P. now owns 32,381 shares of the company’s stock valued at $1,740,000 after purchasing an additional 4,035 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. BMO Capital Markets lifted their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Piper Sandler downgraded shares of Tyson Foods from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $57.00 to $50.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, Barclays raised their price target on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.67.

Tyson Foods Stock Down 0.9 %

TSN opened at $59.21 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. Tyson Foods, Inc. has a 12 month low of $44.94 and a 12 month high of $66.88. The stock has a market capitalization of $21.14 billion, a P/E ratio of -33.26, a P/E/G ratio of 0.41 and a beta of 0.78. The business has a 50 day simple moving average of $62.07 and a 200-day simple moving average of $59.60.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter last year, the company earned $0.15 earnings per share. Tyson Foods’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods, Inc. will post 2.82 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, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.31%. Tyson Foods’s payout ratio is -110.11%.

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.