42,281 Shares in Tyson Foods, Inc. (NYSE:TSN) Purchased by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 42,281 shares of the company's stock, valued at approximately $2,429,000.

Several other hedge funds have also made changes to their positions in the business. Riverview Trust Co increased its position in shares of Tyson Foods by 3,423.1% during the fourth quarter. Riverview Trust Co now owns 458 shares of the company's stock worth $26,000 after acquiring an additional 445 shares during the last quarter. Brooklyn Investment Group raised its stake in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company's stock valued at $34,000 after purchasing an additional 570 shares during the period. Catalyst Capital Advisors LLC increased its stake in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company's stock worth $35,000 after acquiring an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Tyson Foods in the third quarter worth $36,000. Finally, SRS Capital Advisors Inc. boosted its holdings in Tyson Foods by 58.6% in 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 in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Price Performance

TSN traded up $0.29 during trading on Wednesday, reaching $60.79. 1,920,389 shares of the company traded hands, compared to its average volume of 2,510,578. 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 firm has a fifty day simple moving average of $57.63 and a 200 day simple moving average of $60.00. The company has a market cap of $21.65 billion, a P/E ratio of 20.54, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 12-month low of $53.08 and a 12-month high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.35. The business 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 firm's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. On average, equities analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, May 30th. Tyson Foods's dividend payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

TSN has been the subject of several recent research reports. UBS Group assumed coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a "neutral" rating and a $62.00 price target for the company. HSBC upgraded shares of Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Barclays decreased their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Stephens boosted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets boosted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $61.10.

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.