KLP Kapitalforvaltning AS Purchases New Stake in Tyson Foods, Inc. (NYSE:TSN)

KLP Kapitalforvaltning AS purchased a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 282,731 shares of the company's stock, valued at approximately $16,240,000. KLP Kapitalforvaltning AS owned 0.08% of Tyson Foods as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TSN. EverSource Wealth Advisors LLC lifted its position in Tyson Foods by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock valued at $109,000 after purchasing an additional 173 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Tyson Foods by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock valued at $643,000 after buying an additional 184 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company's stock worth $2,908,000 after buying an additional 189 shares during the period. Naples Global Advisors LLC grew its holdings in Tyson Foods by 1.0% in the 4th quarter. Naples Global Advisors LLC now owns 19,794 shares of the company's stock worth $1,137,000 after buying an additional 202 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Tyson Foods by 1.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company's stock valued at $1,131,000 after acquiring an additional 210 shares during the period. Institutional investors own 67.00% of the company's stock.

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Tyson Foods Price Performance

Shares of NYSE TSN traded down $0.02 during trading on Friday, hitting $62.36. The company had a trading volume of 1,339,514 shares, compared to its average volume of 2,303,464. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The business's 50-day moving average is $59.11 and its 200 day moving average is $59.63. The company has a market cap of $22.21 billion, a P/E ratio of 21.07, a PEG ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

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

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued 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 dividend yield of 3.21%. Tyson Foods's dividend payout ratio is currently 67.57%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays reduced their price target on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Piper Sandler raised shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a report on Tuesday, February 4th. UBS Group began coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, HSBC upgraded shares of Tyson Foods from a "reduce" 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 given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $61.10.

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.