Tyson Foods, Inc. $TSN Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in Tyson Foods, Inc. (NYSE:TSN) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 148,546 shares of the company’s stock after selling 14,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tyson Foods were worth $8,708,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Pzena Investment Management LLC boosted its holdings in Tyson Foods by 10.7% in the fourth quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock worth $897,502,000 after acquiring an additional 1,480,987 shares in the last quarter. State Street Corp boosted its holdings in Tyson Foods by 0.6% in the third quarter. State Street Corp now owns 14,075,676 shares of the company’s stock worth $764,309,000 after acquiring an additional 85,282 shares in the last quarter. Davis Selected Advisers boosted its holdings in Tyson Foods by 28.8% in the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock worth $751,951,000 after acquiring an additional 2,865,413 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Tyson Foods by 34.4% in the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock worth $363,852,000 after acquiring an additional 1,720,009 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Tyson Foods by 1.8% in the third quarter. Invesco Ltd. now owns 5,972,015 shares of the company’s stock worth $324,280,000 after acquiring an additional 107,884 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Up 0.2%

Tyson Foods stock opened at $58.82 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a market capitalization of $20.71 billion, a price-to-earnings ratio of 46.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.38. The stock has a 50-day moving average price of $64.42 and a 200 day moving average price of $61.78.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same period last year, the business earned $0.92 earnings per share. Tyson Foods’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Tyson Foods, Inc. will post 4.14 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s payout ratio is 160.63%.

Analysts Set New Price Targets

TSN has been the subject of a number of research reports. Mizuho initiated coverage on Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 target price for the company. Stephens lifted 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. Weiss Ratings raised Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a report on Tuesday, May 5th. Finally, Wall Street Zen raised Tyson Foods from a “hold” rating to a “buy” rating in a 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, the stock currently has an average rating of “Hold” and an average price target 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.