Fjarde AP Fonden Fourth Swedish National Pension Fund Has $11.29 Million Stock Position in Tyson Foods, Inc. $TSN

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 18.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 176,296 shares of the company’s stock after acquiring an additional 27,750 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned approximately 0.05% of Tyson Foods worth $11,295,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. City Holding Co. acquired a new position in Tyson Foods in the fourth quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC increased its holdings in Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares during the last quarter. Activest Wealth Management lifted its stake in Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after buying an additional 538 shares during the period. ORG Partners LLC lifted its stake in Tyson Foods by 2,519.2% in the fourth quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after buying an additional 655 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in Tyson Foods by 110.3% during the third quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock worth $40,000 after buying an additional 384 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $58.89 on Friday. The company has a fifty day moving average price of $61.54 and a 200 day moving average price of $61.81. The firm has a market cap of $20.74 billion, a PE ratio of 46.37, a PEG ratio of 1.21 and a beta of 0.40. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $69.48.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. Research analysts predict that Tyson Foods, Inc. will post 4.09 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid 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 dividend payout ratio (DPR) is currently 160.63%.

Wall Street Analyst Weigh In

TSN has been the subject of several analyst reports. Bank of America decreased their target price on Tyson Foods from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday. Sanford C. Bernstein decreased their target price on Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a research note on Thursday. Stephens increased their price target 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 research report on Tuesday, June 23rd. Finally, Mizuho started coverage on Tyson Foods in a research report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $68.60.

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.