Canada Pension Plan Investment Board Purchases 242,700 Shares of Tyson Foods, Inc. (NYSE:TSN)

Canada Pension Plan Investment Board boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 37.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 897,615 shares of the company’s stock after acquiring an additional 242,700 shares during the period. Canada Pension Plan Investment Board owned about 0.25% of Tyson Foods worth $51,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Brown Advisory Inc. increased its holdings in Tyson Foods by 8.6% during the fourth quarter. Brown Advisory Inc. now owns 4,661 shares of the company’s stock valued at $251,000 after buying an additional 369 shares during the period. Norges Bank purchased a new position in Tyson Foods in the fourth quarter valued at about $89,286,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in Tyson Foods by 34.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,721 shares of the company’s stock valued at $254,000 after purchasing an additional 1,198 shares during the last quarter. Commerce Bank lifted its position in shares of Tyson Foods by 41.5% during the fourth quarter. Commerce Bank now owns 15,637 shares of the company’s stock valued at $840,000 after buying an additional 4,587 shares during the last quarter. Finally, Primecap Management Co. CA boosted its holdings in shares of Tyson Foods by 0.3% in the 4th quarter. Primecap Management Co. CA now owns 348,500 shares of the company’s stock valued at $18,732,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Tyson Foods Price Performance

Shares of NYSE TSN opened at $60.14 on Friday. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $66.88. The business’s 50 day moving average price is $62.05 and its 200 day moving average price is $59.35. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The firm has a market cap of $21.40 billion, a P/E ratio of -33.79, a P/E/G ratio of 0.43 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 5th. The company reported $0.87 EPS for the quarter, beating the consensus estimate 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 business had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. During the same period in the prior year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.26%. Tyson Foods’s dividend payout ratio (DPR) is presently -110.11%.

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.