Tyson Foods, Inc. $TSN Shares Purchased by National Pension Service

National Pension Service increased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 24.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 262,766 shares of the company’s stock after purchasing an additional 52,459 shares during the period. National Pension Service owned 0.07% of Tyson Foods worth $15,403,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Pzena Investment Management LLC boosted its stake in Tyson Foods by 10.7% during the 4th quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock worth $897,502,000 after purchasing an additional 1,480,987 shares during the period. State Street Corp raised its position in Tyson Foods by 0.6% during the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock worth $764,309,000 after buying an additional 85,282 shares during the last quarter. Davis Selected Advisers raised its position in Tyson Foods by 28.8% during the 4th quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after buying an additional 2,865,413 shares during the last quarter. AQR Capital Management LLC raised its position in Tyson Foods by 34.4% during the 3rd quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after buying an additional 1,720,009 shares during the last quarter. Finally, Invesco Ltd. raised its position in Tyson Foods by 1.8% during the 3rd quarter. Invesco Ltd. now owns 5,972,015 shares of the company’s stock worth $324,280,000 after buying an additional 107,884 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Argus upgraded shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Barclays upped their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $68.27.

Tyson Foods Stock Performance

Shares of TSN opened at $61.20 on Monday. The company has a 50-day simple moving average of $64.55 and a 200-day simple moving average of $61.63. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $21.55 billion, a PE ratio of 48.19, a P/E/G ratio of 1.25 and a beta of 0.38. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS. Equities research analysts predict that Tyson Foods, Inc. will post 4.1 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 annualized dividend and a yield of 3.3%. Tyson Foods’s payout ratio is currently 160.63%.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.