Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Tyson Foods, Inc. (NYSE:TSN – Free Report) by 18.7% in the first quarter, HoldingsChannel.com reports. The fund owned 176,296 shares of the company’s stock after buying an additional 27,750 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tyson Foods were worth $11,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Pzena Investment Management LLC increased its holdings in shares of Tyson Foods by 12.1% in the first quarter. Pzena Investment Management LLC now owns 17,155,713 shares of the company’s stock valued at $1,099,167,000 after purchasing an additional 1,845,200 shares during the last quarter. State Street Corp grew its holdings in Tyson Foods by 0.6% in the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after buying an additional 85,282 shares in the last quarter. Davis Selected Advisers increased its position in Tyson Foods by 28.8% during the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after buying an additional 2,865,413 shares during the period. AQR Capital Management LLC increased its position in Tyson Foods by 20.6% during the 4th quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock worth $475,669,000 after buying an additional 1,387,645 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Tyson Foods by 1.4% during the fourth quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock worth $354,995,000 after buying an additional 83,861 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TSN has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. Bank of America dropped their price objective on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday. Weiss Ratings raised shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Mizuho started coverage on shares of Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective for the company. Finally, Stephens increased their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.60.
Tyson Foods Price Performance
TSN stock opened at $58.89 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $69.48. The firm has a market cap of $20.74 billion, a P/E ratio of 46.37, a P/E/G ratio of 1.21 and a beta of 0.40. The company’s 50-day moving average price is $61.54 and its two-hundred day moving average price is $61.81.
Tyson Foods (NYSE:TSN – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Tyson Foods, Inc. will post 4.09 earnings per share for the current fiscal year.
Tyson Foods Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is currently 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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