Forsta AP Fonden Reduces Stake in Tyson Foods, Inc. (NYSE:TSN)

Forsta AP Fonden decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 11.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,300 shares of the company’s stock after selling 7,200 shares during the quarter. Forsta AP Fonden’s holdings in Tyson Foods were worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TSN. First Financial Corp IN acquired a new position in Tyson Foods in the 1st quarter valued at about $35,000. Pittenger & Anderson Inc. acquired a new position in Tyson Foods in the first quarter valued at approximately $42,000. Lindbrook Capital LLC increased its stake in Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after acquiring an additional 214 shares during the last quarter. Mather Group LLC. purchased a new stake in Tyson Foods in the first quarter valued at $49,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Tyson Foods in the 2nd quarter valued at $54,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.5 %

TSN opened at $61.40 on Monday. The business has a fifty day moving average price of $61.56 and a 200 day moving average price of $59.12. 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 $21.85 billion, a price-to-earnings ratio of -34.49, a PEG ratio of 0.43 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.19%. Tyson Foods’s payout ratio is currently -110.11%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TSN shares. Bank of America reduced their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. BMO Capital Markets lifted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. upped their price target on Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, Barclays lifted their price objective on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $61.44.

Tyson Foods 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.