Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,230,437 shares of the company's stock after acquiring an additional 113,547 shares during the period. Canada Pension Plan Investment Board owned approximately 0.35% of Tyson Foods worth $70,676,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TSN. Barclays PLC grew its position in Tyson Foods by 66.1% during the 3rd quarter. Barclays PLC now owns 1,122,285 shares of the company's stock worth $66,841,000 after purchasing an additional 446,648 shares during the period. Virtu Financial LLC acquired a new stake in Tyson Foods during the third quarter worth about $1,241,000. Arvest Bank Trust Division purchased a new position in Tyson Foods during the third quarter valued at approximately $270,000. Tidal Investments LLC boosted its position in Tyson Foods by 37.5% in the 3rd quarter. Tidal Investments LLC now owns 47,059 shares of the company's stock worth $2,803,000 after purchasing an additional 12,830 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Tyson Foods by 12.9% during the 3rd quarter. Synovus Financial Corp now owns 6,286 shares of the company's stock worth $374,000 after purchasing an additional 720 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Trading Up 0.8 %

Shares of TSN opened at $61.17 on Friday. The firm's fifty day moving average is $60.39 and its two-hundred day moving average is $59.63. 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 stock has a market cap of $21.79 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 0.74 and a beta of 0.62. Tyson Foods, Inc. has a 52-week low of $53.61 and a 52-week high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last released its earnings results 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. 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 period last year, the company posted $0.69 EPS. The business's revenue was up 2.3% on a year-over-year basis. Research analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share 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. Shareholders of record on Friday, May 30th will be given a $0.50 dividend. 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 3.27%. Tyson Foods's payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TSN shares. UBS Group started 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. Stephens raised their target price on Tyson Foods from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. HSBC raised Tyson Foods from a "reduce" rating to a "hold" rating in a report 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. Finally, Citigroup increased their target price on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $61.78.

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.

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