National Pension Service raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) by 24.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 262,766 shares of the company’s stock after purchasing an additional 52,459 shares during the period. National Pension Service’s holdings in Tyson Foods were worth $15,403,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. City Holding Co. purchased a new position in Tyson Foods during the 4th quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC increased its holdings in Tyson Foods by 62.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after acquiring an additional 198 shares in the last quarter. Activest Wealth Management increased its holdings in Tyson Foods by 3,842.9% during the 4th quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after acquiring an additional 538 shares in the last quarter. ORG Partners LLC increased its holdings in Tyson Foods by 2,519.2% during the 4th quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after acquiring an additional 655 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in Tyson Foods by 110.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock valued at $40,000 after acquiring an additional 384 shares in the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have weighed in on TSN shares. Wall Street Zen upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barclays raised their target price on shares of Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Sanford C. Bernstein restated a “market perform” rating and set a $69.00 target price on shares of Tyson Foods in a report on Tuesday, February 3rd. Mizuho started coverage on shares of Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 target price for the company. Finally, Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $68.27.
Tyson Foods Stock Performance
Shares of NYSE TSN opened at $61.20 on Monday. The company has a market cap of $21.55 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 1.25 and a beta of 0.38. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $69.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The company has a 50-day simple moving average of $64.55 and a 200-day simple moving average of $61.63.
Tyson Foods (NYSE:TSN – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. On average, equities analysts anticipate that Tyson Foods, Inc. will post 4.1 earnings per share for the current year.
Tyson Foods Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Tyson Foods’s payout ratio is 160.63%.
Tyson Foods Company Profile
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.
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