Tredje AP fonden Sells 6,013 Shares of Tyson Foods, Inc. (NYSE:TSN)

Tredje AP fonden lowered its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 50.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,013 shares of the company's stock after selling 6,013 shares during the quarter. Tredje AP fonden's holdings in Tyson Foods were worth $345,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Tyson Foods by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company's stock worth $67,917,000 after purchasing an additional 352,863 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Tyson Foods by 17.2% in the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company's stock worth $286,000 after buying an additional 729 shares during the last quarter. Sound Income Strategies LLC grew its position in Tyson Foods by 14.0% during the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company's stock valued at $3,248,000 after buying an additional 6,955 shares during the period. Empowered Funds LLC increased its holdings in Tyson Foods by 289.9% during the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company's stock valued at $1,395,000 after buying an additional 18,059 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its position in Tyson Foods by 517.7% in the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company's stock worth $8,114,000 after acquiring an additional 114,179 shares during the period. Institutional investors own 67.00% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several equities research analysts have recently commented 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. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a research note on Monday, February 3rd. Stephens increased their target price 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. UBS Group began coverage on shares of Tyson Foods in a report on Friday, January 10th. They set a "neutral" rating and a $62.00 price target on the stock. Finally, Piper Sandler upgraded shares of Tyson Foods from an "underweight" rating to a "neutral" rating and set a $58.00 price objective on the stock in a research report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $61.10.

Tyson Foods Price Performance

Shares of Tyson Foods stock traded up $0.29 during trading on Wednesday, reaching $60.80. 1,998,512 shares of the stock traded hands, compared to its average volume of 2,144,533. The company has a market capitalization of $21.66 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88. The business has a fifty day simple moving average of $58.22 and a two-hundred day simple moving average of $59.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same period in the prior year, the firm posted $0.69 EPS. The firm's revenue was up 2.3% compared to the same quarter last year. Sell-side analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods's dividend payout ratio (DPR) 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.