KLP Kapitalforvaltning AS Has $18.38 Million Position in Tyson Foods, Inc. (NYSE:TSN)

KLP Kapitalforvaltning AS boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 1.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 288,031 shares of the company's stock after purchasing an additional 5,300 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.08% of Tyson Foods worth $18,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSN. Norges Bank bought a new stake in shares of Tyson Foods in the 4th quarter valued at about $175,086,000. Pzena Investment Management LLC increased its stake in Tyson Foods by 10.6% during the 1st quarter. Pzena Investment Management LLC now owns 13,264,052 shares of the company's stock worth $846,379,000 after purchasing an additional 1,271,750 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Tyson Foods by 83.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,211,722 shares of the company's stock worth $69,601,000 after purchasing an additional 551,530 shares in the last quarter. GAMMA Investing LLC increased its stake in Tyson Foods by 5,809.7% during the 1st quarter. GAMMA Investing LLC now owns 461,665 shares of the company's stock worth $29,459,000 after purchasing an additional 453,853 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in Tyson Foods by 40.1% during the 4th quarter. Two Sigma Advisers LP now owns 1,370,500 shares of the company's stock worth $78,722,000 after purchasing an additional 392,200 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Tyson Foods Stock Performance

Tyson Foods stock traded down $0.37 during mid-day trading on Thursday, hitting $54.02. 1,694,834 shares of the company's stock traded hands, compared to its average volume of 2,427,208. The firm has a 50 day simple moving average of $55.25 and a two-hundred day simple moving average of $57.65. Tyson Foods, Inc. has a fifty-two week low of $52.71 and a fifty-two week high of $66.88. The stock has a market cap of $19.24 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 0.74 and a beta of 0.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.67 and a quick ratio of 0.69.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. The firm had revenue of $13.07 billion for the quarter, compared to analysts' expectations of $13.15 billion. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. On average, research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Friday, August 29th. Tyson Foods's payout ratio is 77.82%.

Wall Street Analyst Weigh In

TSN has been the subject of a number of research reports. Wall Street Zen cut Tyson Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Citigroup increased their target price on Tyson Foods from $59.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on shares of Tyson Foods from $63.00 to $61.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. The Goldman Sachs Group began coverage on shares of Tyson Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $67.00 price target for the company. Finally, Sanford C. Bernstein cut shares of Tyson Foods from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $74.00 to $59.00 in a research note on Wednesday. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.70.

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.