Eurizon Capital SGR S.p.A. Invests $1.50 Million in Tyson Foods, Inc. $TSN

Eurizon Capital SGR S.p.A. acquired a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,584 shares of the company’s stock, valued at approximately $1,500,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Tyson Foods by 73.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after purchasing an additional 795,710 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Tyson Foods by 306.4% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock worth $2,607,000 after purchasing an additional 36,197 shares in the last quarter. AIA Group Ltd raised its stake in shares of Tyson Foods by 78.8% during the 3rd quarter. AIA Group Ltd now owns 51,197 shares of the company’s stock worth $2,780,000 after purchasing an additional 22,571 shares in the last quarter. Arnhold LLC acquired a new position in shares of Tyson Foods during the 3rd quarter worth approximately $3,166,000. Finally, National Pension Service increased its holdings in shares of Tyson Foods by 35.1% during the 3rd quarter. National Pension Service now owns 210,307 shares of the company’s stock worth $11,420,000 after acquiring an additional 54,678 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $59.64 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The stock’s fifty day moving average price is $64.57 and its two-hundred day moving average price is $61.66. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48. The firm has a market cap of $21.00 billion, a price-to-earnings ratio of 46.96, a P/E/G ratio of 1.23 and a beta of 0.38.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same period in the prior year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Tyson Foods, Inc. will post 4.1 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio is currently 160.63%.

Analyst Ratings Changes

A number of research analysts recently weighed in on TSN shares. Stephens boosted their target price on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Mizuho started coverage on Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 target price on the stock. Weiss Ratings raised Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Argus raised Tyson Foods to a “hold” rating in a report on Friday, February 6th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $68.27.

About Tyson Foods

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.