Vontobel Holding Ltd. Acquires 7,123 Shares of Tyson Foods, Inc. (NYSE:TSN)

Vontobel Holding Ltd. lifted its stake in Tyson Foods, Inc. (NYSE:TSN) by 201.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,653 shares of the company’s stock after purchasing an additional 7,123 shares during the period. Vontobel Holding Ltd.’s holdings in Tyson Foods were worth $634,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. B. Riley Wealth Advisors Inc. boosted its holdings in Tyson Foods by 47.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 7,317 shares of the company’s stock worth $393,000 after buying an additional 2,341 shares during the last quarter. Mather Group LLC. acquired a new position in Tyson Foods during the first quarter valued at approximately $49,000. Northwest Investment Counselors LLC bought a new stake in Tyson Foods in the first quarter valued at approximately $58,000. ARGA Investment Management LP raised its holdings in Tyson Foods by 47.1% in the first quarter. ARGA Investment Management LP now owns 127,984 shares of the company’s stock worth $7,516,000 after purchasing an additional 40,968 shares during the period. Finally, First Financial Corp IN bought a new position in shares of Tyson Foods during the first quarter worth $35,000. 67.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TSN. Citigroup dropped their price objective on Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Bank of America cut their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Stephens started coverage on shares of Tyson Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $57.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $59.22.

Tyson Foods Stock Down 1.4 %

Tyson Foods stock opened at $59.18 on Tuesday. The company has a fifty day simple moving average of $61.52 and a 200 day simple moving average of $59.71. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $66.88. The company has a market cap of $21.13 billion, a P/E ratio of -33.25, a price-to-earnings-growth ratio of 0.38 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 (EPS) for the quarter, topping the consensus estimate 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%. Tyson Foods’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share. Research analysts anticipate that Tyson Foods, Inc. will post 2.82 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently declared 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. This represents a $1.96 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, November 29th. Tyson Foods’s dividend payout ratio is currently -110.11%.

About Tyson Foods

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.