Tyson Foods, Inc. $TSN Shares Sold by Forsta AP Fonden

Forsta AP Fonden lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 48.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,500 shares of the company’s stock after selling 49,000 shares during the quarter. Forsta AP Fonden’s holdings in Tyson Foods were worth $3,019,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in 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 acquiring an additional 795,710 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in 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 acquiring an additional 36,197 shares during the period. AIA Group Ltd boosted its position in 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 acquiring an additional 22,571 shares during the period. Arnhold LLC acquired a new stake in shares of Tyson Foods in the third quarter valued at $3,166,000. Finally, National Pension Service lifted its holdings in shares of Tyson Foods by 35.1% in the third quarter. National Pension Service now owns 210,307 shares of the company’s stock valued at $11,420,000 after buying an additional 54,678 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on TSN shares. Sanford C. Bernstein restated a “market perform” rating and issued a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. Wall Street Zen upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barclays upped their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Mizuho started coverage on Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective for the company. Finally, Weiss Ratings upgraded Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $68.27.

Tyson Foods Trading Down 0.5%

Shares of NYSE TSN opened at $59.64 on Wednesday. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $69.48. The company 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. 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 business has a fifty day simple moving average of $64.57 and a 200-day simple moving average of $61.66.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 4th. The company reported $0.87 EPS 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 business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same period in the prior year, the business posted $0.92 earnings per share. Tyson Foods’s revenue was up 4.4% compared to the same quarter last year. Sell-side analysts predict that Tyson Foods, Inc. will post 4.1 EPS for the current year.

Tyson Foods Dividend Announcement

The business 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 3.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend 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.