Brevan Howard Capital Management LP Buys 89,523 Shares of Tyson Foods, Inc. $TSN

Brevan Howard Capital Management LP lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 517.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,818 shares of the company’s stock after purchasing an additional 89,523 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Tyson Foods were worth $5,800,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CSM Advisors LLC increased its holdings in shares of Tyson Foods by 13.3% during the third quarter. CSM Advisors LLC now owns 236,628 shares of the company’s stock worth $12,843,000 after buying an additional 27,842 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Tyson Foods by 3.4% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 20,989 shares of the company’s stock valued at $1,135,000 after acquiring an additional 699 shares in the last quarter. Bridgefront Capital LLC grew its position in Tyson Foods by 337.6% during the 3rd quarter. Bridgefront Capital LLC now owns 46,117 shares of the company’s stock worth $2,504,000 after acquiring an additional 35,579 shares during the last quarter. Bank of Nova Scotia increased its holdings in Tyson Foods by 42.0% in the 3rd quarter. Bank of Nova Scotia now owns 80,765 shares of the company’s stock worth $4,386,000 after purchasing an additional 23,885 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Tyson Foods in the third quarter valued at about $833,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Down 1.2%

Tyson Foods stock opened at $60.30 on Monday. The firm has a market cap of $21.23 billion, a price-to-earnings ratio of 107.68, a PEG ratio of 1.33 and a beta of 0.47. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $66.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The firm has a 50 day moving average price of $62.27 and a two-hundred day moving average price of $57.63.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same period in the prior year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.4%. Tyson Foods’s dividend payout ratio (DPR) is 364.29%.

Analyst Ratings Changes

TSN has been the topic of several research reports. Barclays boosted their price target on Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Sanford C. Bernstein reiterated a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Piper Sandler upped their price target on shares of Tyson Foods from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, BMO Capital Markets raised their price target on shares of Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average target price of $64.27.

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.