Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Andra AP fonden

Andra AP fonden reduced its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 47.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,100 shares of the company's stock after selling 34,500 shares during the period. Andra AP fonden's holdings in Tyson Foods were worth $2,188,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Riverview Trust Co raised its position in Tyson Foods by 3,423.1% in the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock valued at $26,000 after purchasing an additional 445 shares during the period. Brooklyn Investment Group raised its holdings in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after buying an additional 570 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Tyson Foods during the 3rd quarter valued at about $36,000. SRS Capital Advisors Inc. increased its stake in Tyson Foods by 58.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 620 shares of the company's stock worth $36,000 after purchasing an additional 229 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Tyson Foods during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 67.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TSN. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, November 13th. Piper Sandler raised Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. UBS Group assumed coverage on Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 target price for the company. Stephens raised their price target on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Finally, Hsbc Global Res raised Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $61.10.

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Tyson Foods Price Performance

TSN stock traded down $0.18 on Thursday, reaching $59.96. 1,816,032 shares of the company's stock were exchanged, compared to its average volume of 2,518,010. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average of $57.97 and a 200-day moving average of $59.94. The firm has a market cap of $21.36 billion, a PE ratio of 20.26, a P/E/G ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The firm had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. As a group, equities analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. Tyson Foods's payout ratio is 67.57%.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.