Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 50.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,013 shares of the company’s stock after selling 6,013 shares during the quarter. Tredje AP fonden’s holdings in Tyson Foods were worth $345,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TSN. Atria Investments Inc boosted its position in shares of Tyson Foods by 37.8% in the third quarter. Atria Investments Inc now owns 13,789 shares of the company’s stock worth $821,000 after acquiring an additional 3,782 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Tyson Foods in the third quarter worth approximately $339,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Tyson Foods by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 740,147 shares of the company’s stock valued at $44,083,000 after buying an additional 4,962 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Tyson Foods by 43.3% during the third quarter. Oppenheimer & Co. Inc. now owns 15,063 shares of the company’s stock valued at $897,000 after buying an additional 4,548 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Tyson Foods by 7.9% during the third quarter. CIBC Asset Management Inc now owns 41,661 shares of the company’s stock valued at $2,481,000 after buying an additional 3,043 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSN. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price target on the stock. Barclays dropped their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Stephens lifted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Stock Down 0.2 %

Shares of NYSE:TSN opened at $59.87 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $58.04 and a 200 day simple moving average of $59.88. The firm has a market cap of $21.33 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

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.