Skandinaviska Enskilda Banken AB publ Grows Holdings in Tyson Foods, Inc. (NYSE:TSN)

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 101.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,947 shares of the company's stock after buying an additional 59,942 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Tyson Foods were worth $6,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in TSN. Achmea Investment Management B.V. grew its position in Tyson Foods by 158.6% during the 4th quarter. Achmea Investment Management B.V. now owns 61,475 shares of the company's stock worth $3,531,000 after purchasing an additional 37,704 shares during the last quarter. Essential Planning LLC. purchased a new stake in shares of Tyson Foods during the fourth quarter valued at $1,264,000. Great Lakes Advisors LLC increased its position in shares of Tyson Foods by 4.0% in the 4th quarter. Great Lakes Advisors LLC now owns 827,813 shares of the company's stock valued at $47,550,000 after acquiring an additional 31,829 shares during the period. Farther Finance Advisors LLC raised its stake in Tyson Foods by 134.9% in the 4th quarter. Farther Finance Advisors LLC now owns 9,905 shares of the company's stock worth $569,000 after acquiring an additional 5,688 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Tyson Foods by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company's stock worth $109,000 after acquiring an additional 173 shares during the period. Institutional investors and hedge funds own 67.00% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays reduced their price objective on Tyson Foods from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. UBS Group assumed coverage on shares of Tyson Foods in a research note on Friday, January 10th. They set a "neutral" rating and a $62.00 price objective 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. Stephens boosted their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Finally, Piper Sandler upgraded Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective for the company in a research note on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $61.10.

Tyson Foods Stock Up 0.5 %

Shares of NYSE:TSN traded up $0.29 during trading on Wednesday, hitting $60.80. The company's stock had a trading volume of 1,998,512 shares, compared to its average volume of 2,144,533. The company has a market capitalization of $21.66 billion, a PE ratio of 20.54, a P/E/G ratio of 0.74 and a beta of 0.72. The business has a 50 day moving average price of $58.22 and a two-hundred day moving average price of $59.79. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week 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.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.35. The company had revenue of $13.62 billion for 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 quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. As a group, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business 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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Friday, May 30th. Tyson Foods's payout ratio is 67.57%.

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.