Tyson Foods, Inc. $TSN Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 589,708 shares of the company’s stock after acquiring an additional 24,251 shares during the quarter. Hsbc Holdings PLC’s holdings in Tyson Foods were worth $34,613,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Pzena Investment Management LLC increased its stake in shares of Tyson Foods by 10.7% in the 4th quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company’s stock valued at $897,502,000 after purchasing an additional 1,480,987 shares in the last quarter. State Street Corp boosted its position in Tyson Foods by 0.6% during the third quarter. State Street Corp now owns 14,075,676 shares of the company’s stock worth $764,309,000 after purchasing an additional 85,282 shares in the last quarter. Davis Selected Advisers grew 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 valued at $751,951,000 after purchasing an additional 2,865,413 shares during the period. AQR Capital Management LLC increased its position in shares of Tyson Foods by 20.6% in the fourth quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock valued at $475,669,000 after buying an additional 1,387,645 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Tyson Foods by 1.4% in the fourth quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock valued at $354,995,000 after buying an additional 83,861 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TSN has been the topic of a number of recent analyst reports. Stephens increased their target price on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Wall Street Zen cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Mizuho started coverage on shares of Tyson Foods in a report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price objective on the stock. Bank of America dropped their target price on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Finally, Sanford C. Bernstein cut their target price on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $69.56.

Tyson Foods Stock Performance

NYSE TSN opened at $58.74 on Tuesday. 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 50 day simple moving average is $61.54 and its 200-day simple moving average is $61.83. The company has a market cap of $20.68 billion, a PE ratio of 46.25, a price-to-earnings-growth ratio of 1.21 and a beta of 0.40. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, topping 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 firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts anticipate that Tyson Foods, Inc. will post 4.09 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.5%. Tyson Foods’s dividend payout ratio is presently 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.