Nykredit A S Invests $2.59 Million in Tyson Foods, Inc. $TSN

Key Points

• Nykredit A/S opened a new Tyson Foods position in the second quarter, purchasing 45,215 shares valued at approximately $2.59 million. Institutional investors collectively own about 67% of Tyson’s outstanding stock.
• Tyson reported quarterly EPS of $0.99, matching analyst expectations, while revenue of $13.87 billion fell short of the $14.07 billion consensus estimate and declined slightly year over year.
• Tyson declared a quarterly dividend of $0.51 per share, or $2.04 annualized, representing a 4.0% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $69.44.

Nykredit A S bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 45,215 shares of the company's stock, valued at approximately $2,589,000.

Other institutional investors have also bought and sold shares of the company. Quantinno Capital Management LP raised its position in Tyson Foods by 5.2% in the 1st quarter. Quantinno Capital Management LP now owns 1,282,438 shares of the company's stock valued at $82,166,000 after purchasing an additional 63,885 shares during the last quarter. Pzena Investment Management LLC boosted its stake in Tyson Foods by 10.7% in the fourth quarter. Pzena Investment Management LLC now owns 15,310,513 shares of the company's stock worth $897,502,000 after purchasing an additional 1,480,987 shares in the last quarter. Swiss National Bank grew its holdings in shares of Tyson Foods by 6.1% during the first quarter. Swiss National Bank now owns 830,700 shares of the company's stock worth $53,223,000 after purchasing an additional 47,900 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Tyson Foods by 10.6% during the second quarter. Wedge Capital Management L L P NC now owns 621,639 shares of the company's stock worth $35,589,000 after purchasing an additional 59,451 shares during the last quarter. Finally, Edgestream Partners L.P. increased its stake in shares of Tyson Foods by 252.8% in the first quarter. Edgestream Partners L.P. now owns 66,763 shares of the company's stock valued at $4,278,000 after buying an additional 47,841 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Tyson Foods Stock Up 0.1%

NYSE TSN opened at $51.47 on Tuesday. The stock has a market capitalization of $18.11 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 1.72 and a beta of 0.38. Tyson Foods, Inc. has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.55 and a current ratio of 1.43. The stock has a fifty day moving average of $57.47 and a 200-day moving average of $60.66.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $13.87 billion for the quarter, compared to analyst estimates of $14.07 billion. Tyson Foods had a return on equity of 7.77% and a net margin of 1.03%.The firm's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. On average, equities research analysts forecast that Tyson Foods, Inc. will post 3.95 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a yield of 4.0%. Tyson Foods's dividend payout ratio is presently 125.93%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Sanford C. Bernstein cut their price target on Tyson Foods from $72.00 to $63.00 and set a "market perform" rating for the company in a report on Thursday, July 2nd. HSBC decreased their price objective on shares of Tyson Foods from $74.00 to $69.00 and set a "hold" rating on the stock in a report on Wednesday, July 29th. Wall Street Zen cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Piper Sandler reaffirmed an "overweight" rating and issued a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Finally, Zacks Research lowered shares of Tyson Foods from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of "Hold" and an average price target of $69.44.

About Tyson Foods

Tyson Foods, Inc NYSE: TSN is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world's largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company's product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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