Handelsbanken Fonder AB Purchases 729 Shares of Tyson Foods, Inc. (NYSE:TSN)

Handelsbanken Fonder AB raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 17.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,975 shares of the company’s stock after buying an additional 729 shares during the quarter. Handelsbanken Fonder AB’s holdings in Tyson Foods were worth $286,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Brooklyn Investment Group boosted its position in Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 570 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Tyson Foods during the third quarter worth $36,000. ST Germain D J Co. Inc. acquired a new position in shares of Tyson Foods during the 4th quarter worth approximately $42,000. Finally, Fiduciary Advisors Inc. acquired a new stake in shares of Tyson Foods in the 4th quarter worth $53,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Tyson Foods stock opened at $61.75 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. Tyson Foods, Inc. has a one year low of $52.11 and a one year high of $66.88. The company has a market cap of $21.99 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 0.74 and a beta of 0.80. The business has a fifty day moving average of $57.51 and a two-hundred day moving average of $60.01.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. As a group, analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.24%. Tyson Foods’s dividend payout ratio is currently 67.57%.

Analyst Upgrades and Downgrades

TSN has been the subject of several recent analyst reports. Hsbc Global Res raised Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group initiated coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective on the stock. Citigroup cut their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Stephens lifted their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Barclays lowered their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and an average target price of $61.10.

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.