Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Korea Investment CORP

Korea Investment CORP raised its position in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 62.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,859 shares of the company's stock after buying an additional 40,112 shares during the quarter. Korea Investment CORP's holdings in Tyson Foods were worth $5,966,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TSN. Ipsen Advisor Group LLC purchased a new position in shares of Tyson Foods in the 4th quarter valued at approximately $627,000. Mitsubishi UFJ Trust & Banking Corp grew its position in Tyson Foods by 20.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 297,236 shares of the company's stock valued at $17,073,000 after buying an additional 50,495 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Tyson Foods in the 4th quarter valued at $348,000. CoreFirst Bank & Trust acquired a new stake in shares of Tyson Foods in the 4th quarter worth $115,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Tyson Foods by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 35,714,357 shares of the company's stock valued at $2,051,433,000 after acquiring an additional 325,361 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. HSBC upgraded Tyson Foods from a "reduce" rating to a "hold" rating in a research report on Monday, February 3rd. Stephens raised their target price on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, January 31st. UBS Group began coverage on Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 price target on the stock. Finally, Barclays reduced their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $61.10.

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Tyson Foods Trading Down 0.5 %

Tyson Foods stock traded down $0.34 during trading on Wednesday, hitting $62.77. The company's stock had a trading volume of 1,527,781 shares, compared to its average volume of 2,298,311. Tyson Foods, Inc. has a 1-year low of $53.61 and a 1-year high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11. The stock's fifty day moving average is $59.41 and its 200 day moving average is $59.61. The stock has a market capitalization of $22.36 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 0.74 and a beta of 0.72.

Tyson Foods (NYSE:TSN - Get Free Report) last posted 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. The firm had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company's revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.19%. Tyson Foods's dividend payout ratio is currently 67.57%.

Tyson Foods 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.