Pictet Asset Management Holding SA Acquires 6,100 Shares of Tyson Foods, Inc. (NYSE:TSN)

Pictet Asset Management Holding SA increased its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 141,349 shares of the company's stock after acquiring an additional 6,100 shares during the period. Pictet Asset Management Holding SA's holdings in Tyson Foods were worth $8,119,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TSN. EverSource Wealth Advisors LLC grew its position in shares of Tyson Foods by 10.0% during 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 in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Tyson Foods by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company's stock valued at $643,000 after acquiring an additional 184 shares during the last quarter. Naples Global Advisors LLC grew its position in Tyson Foods by 1.0% in the 4th quarter. Naples Global Advisors LLC now owns 19,794 shares of the company's stock valued at $1,137,000 after buying an additional 202 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Tyson Foods by 1.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 19,692 shares of the company's stock valued at $1,131,000 after purchasing an additional 210 shares during the period. Finally, SRS Capital Advisors Inc. lifted 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 valued at $36,000 after acquiring an additional 229 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TSN. Stephens upped their target price 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. Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Hsbc Global Res raised shares of Tyson Foods from a "moderate sell" rating to a "hold" rating in a report on Monday, February 3rd. HSBC raised shares of Tyson Foods from a "reduce" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Barclays decreased their price target on shares of Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $61.10.

Tyson Foods Stock Performance

TSN traded down $3.71 on Friday, hitting $59.85. The company had a trading volume of 3,322,206 shares, compared to its average volume of 2,298,667. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. The company's fifty day moving average price is $59.77 and its 200 day moving average price is $59.65. The stock has a market cap of $21.32 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. 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 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 net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Tyson Foods's revenue was up 2.3% compared to the same quarter last year. Equities analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's payout ratio is presently 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.