DekaBank Deutsche Girozentrale Boosts Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

DekaBank Deutsche Girozentrale boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 6.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,404 shares of the company’s stock after buying an additional 3,410 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Tyson Foods were worth $3,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Tyson Foods by 0.9% during 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 acquiring an additional 128,274 shares during the period. Pzena Investment Management LLC boosted 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 purchasing an additional 1,939,508 shares during the period. Wellington Management Group LLP increased its stake in shares of Tyson Foods by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock worth $555,541,000 after purchasing an additional 606,518 shares in the last quarter. Capital Research Global Investors raised its position 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. lifted its stake in shares of Tyson Foods by 76.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock valued at $181,122,000 after buying an additional 1,465,139 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Up 0.0 %

Shares of NYSE TSN opened at $61.81 on Thursday. The company has a market cap of $21.99 billion, a price-to-earnings ratio of -34.72, a PEG ratio of 0.43 and a beta of 0.78. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average is $61.89 and its 200 day moving average is $59.25.

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

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.17%. Tyson Foods’s dividend payout ratio is currently -110.11%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TSN shares. Bank of America reduced their price objective on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. StockNews.com upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. BMO Capital Markets raised their target price on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. Barclays upped their price target on Tyson Foods from $72.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company 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.