Forsta AP Fonden Boosts Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Key Points

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Forsta AP Fonden boosted its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 5.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,000 shares of the company's stock after purchasing an additional 4,500 shares during the quarter. Forsta AP Fonden's holdings in Tyson Foods were worth $5,615,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TSN. Syon Capital LLC raised its position in Tyson Foods by 5.1% during the 4th quarter. Syon Capital LLC now owns 3,563 shares of the company's stock worth $205,000 after purchasing an additional 174 shares during the last quarter. Ossiam raised its position in shares of Tyson Foods by 41.6% in the 4th quarter. Ossiam now owns 626 shares of the company's stock worth $36,000 after acquiring an additional 184 shares in the last quarter. Norinchukin Bank The raised its position in shares of Tyson Foods by 1.7% in the 4th quarter. Norinchukin Bank The now owns 11,002 shares of the company's stock worth $632,000 after acquiring an additional 184 shares in the last quarter. Allworth Financial LP raised its position in shares of Tyson Foods by 12.6% in the 1st quarter. Allworth Financial LP now owns 1,705 shares of the company's stock worth $105,000 after acquiring an additional 191 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Tyson Foods by 10.4% in the 4th quarter. Covestor Ltd now owns 2,113 shares of the company's stock worth $121,000 after acquiring an additional 199 shares in the last quarter. Institutional investors own 67.00% of the company's stock.

Analysts Set New Price Targets

TSN has been the subject of several research analyst reports. BMO Capital Markets lowered their price objective on Tyson Foods from $62.00 to $58.00 and set a "market perform" rating for the company in a research report on Monday, July 28th. Sanford C. Bernstein lowered Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $74.00 to $59.00 in a research report on Wednesday, July 23rd. Wall Street Zen lowered Tyson Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group initiated coverage on Tyson Foods in a research report on Monday, June 23rd. They issued a "buy" rating and a $67.00 target price for the company. Finally, Citigroup boosted 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, April 15th. Thirteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of "Hold" and an average target price of $61.33.

Tyson Foods Price Performance

Shares of Tyson Foods stock traded up $1.24 during trading on Wednesday, hitting $57.68. The stock had a trading volume of 2,587,402 shares, compared to its average volume of 2,732,103. The firm has a market cap of $20.52 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 0.78 and a beta of 0.59. Tyson Foods, Inc. has a 12 month low of $51.85 and a 12 month high of $66.88. The business's 50-day moving average is $54.91 and its 200 day moving average is $57.57. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44.

Tyson Foods (NYSE:TSN - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.19. Tyson Foods had a net margin of 1.45% and a return on equity of 7.49%. The company had revenue of $13.88 billion during the quarter, compared to analyst estimates of $13.54 billion. During the same period in the previous year, the business earned $0.87 earnings per share. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.50 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.00 annualized dividend and a yield of 3.5%. Tyson Foods's payout ratio is 90.91%.

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.