Tredje AP fonden Lowers Position in Tyson Foods, Inc. (NYSE:TSN)

Tredje AP fonden trimmed its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,026 shares of the company’s stock after selling 248 shares during the period. Tredje AP fonden’s holdings in Tyson Foods were worth $687,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Tyson Foods by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock valued at $804,450,000 after purchasing an additional 128,274 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Tyson Foods by 18.4% during the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock valued at $713,654,000 after buying an additional 1,939,508 shares during the last quarter. Wellington Management Group LLP grew its holdings in Tyson Foods by 6.2% during the 4th quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock valued at $555,541,000 after buying an additional 606,518 shares in the last quarter. Capital Research Global Investors increased its stake in Tyson Foods by 153.2% in the 4th quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after acquiring an additional 2,920,479 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in shares of Tyson Foods by 76.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock worth $181,122,000 after acquiring an additional 1,465,139 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Trading Down 2.5 %

Shares of NYSE TSN opened at $60.14 on Friday. Tyson Foods, Inc. has a fifty-two week low of $44.94 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82. The company has a market cap of $21.40 billion, a price-to-earnings ratio of -33.79, a PEG ratio of 0.43 and a beta of 0.78. The business’s 50 day moving average price is $62.05 and its 200-day moving average price is $59.31.

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. The business had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. On average, sell-side analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a yield of 3.26%. Tyson Foods’s dividend payout ratio is currently -110.11%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TSN. JPMorgan Chase & Co. boosted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Barclays boosted their target price on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. BMO Capital Markets increased their price target 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. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, Bank of America lowered their price objective on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Tyson Foods has an average rating of “Hold” and an average price target of $61.44.

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.