Norges Bank Purchases Shares of 3,048,147 Tyson Foods, Inc. (NYSE:TSN)

Norges Bank acquired a new stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,048,147 shares of the company's stock, valued at approximately $175,086,000. Norges Bank owned about 0.86% of Tyson Foods at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in Tyson Foods by 10.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock worth $109,000 after buying an additional 173 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tyson Foods by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock worth $643,000 after acquiring an additional 184 shares during the last quarter. Naples Global Advisors LLC grew its holdings in Tyson Foods by 1.0% during the 4th quarter. Naples Global Advisors LLC now owns 19,794 shares of the company's stock valued at $1,137,000 after purchasing an additional 202 shares during the last quarter. Crossmark Global Holdings Inc. raised 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 worth $1,131,000 after purchasing an additional 210 shares during the period. Finally, SRS Capital Advisors Inc. lifted its stake 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 during the last quarter. Hedge funds and other institutional investors own 67.00% of the company's stock.

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Tyson Foods Stock Down 1.2 %

TSN stock traded down $0.74 during trading on Tuesday, hitting $63.07. 2,630,024 shares of the company's stock traded hands, compared to its average volume of 2,306,533. The business has a fifty day simple moving average of $59.41 and a two-hundred day simple moving average of $59.61. 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 firm has a market capitalization of $22.47 billion, a P/E ratio of 21.31, a PEG ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 1 year low of $53.61 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share 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 analysts' expectations of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 EPS. Sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 3.17%. Tyson Foods's payout ratio is 67.57%.

Analysts Set New Price Targets

TSN has been the topic of a number of analyst reports. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Hsbc Global Res upgraded Tyson Foods from a "moderate sell" rating to a "hold" rating in a research report on Monday, February 3rd. Stephens upped their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. 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 research report on Tuesday, February 4th. Finally, UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a "neutral" rating and a $62.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and an average price target of $61.10.

About Tyson Foods

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.