Andra AP fonden Acquires Shares of 35,800 Tyson Foods, Inc. (NYSE:TSN)

Andra AP fonden bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,800 shares of the company’s stock, valued at approximately $2,046,000.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in Tyson Foods by 0.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,697,401 shares of the company’s stock worth $804,450,000 after purchasing an additional 128,274 shares in the last quarter. Pzena Investment Management LLC lifted its position in Tyson Foods by 18.4% during the second quarter. Pzena Investment Management LLC now owns 12,489,564 shares of the company’s stock worth $713,654,000 after buying an additional 1,939,508 shares in the last quarter. Wellington Management Group LLP grew its holdings in Tyson Foods by 6.2% in the 4th quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock valued at $555,541,000 after buying an additional 606,518 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Tyson Foods by 153.2% in the fourth quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock valued at $259,456,000 after purchasing an additional 2,920,479 shares during the period. Finally, Royal London Asset Management Ltd. increased its position in Tyson Foods by 76.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock worth $181,122,000 after purchasing an additional 1,465,139 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Up 0.0 %

Shares of NYSE:TSN opened at $61.66 on Friday. The firm has a market capitalization of $21.94 billion, a PE ratio of -34.64, a price-to-earnings-growth ratio of 0.46 and a beta of 0.78. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The firm’s 50-day moving average is $61.46 and its two-hundred day moving average is $58.99.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. During the same period in the prior year, the business earned $0.15 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts predict that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s payout ratio is presently -110.11%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TSN shares. JPMorgan Chase & Co. boosted their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Bank of America lowered their price objective on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Barclays upped their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, BMO Capital Markets boosted their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $61.44.

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.