Tyson Foods, Inc. $TSN Stake Decreased by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS trimmed its Tyson Foods stake by 17.7%, selling 54,100 shares to finish the quarter with 251,831 shares (~0.07% of the company) valued at about $14.76 million; overall institutional ownership is roughly 67%.
• Analysts collectively rate Tyson Foods an average "Hold" with an average price target of $66.45, though Barclays and BMO recently raised targets to $78 and $73 and assigned overweight/outperform ratings.
• Tyson reported Q EPS of $0.97 (missing estimates by $0.04) while revenue beat at $14.31 billion, and it announced a quarterly dividend of $0.51 (annualized $2.04, ~3.1% yield) despite a very high payout ratio of about 364%.

KLP Kapitalforvaltning AS trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,831 shares of the company's stock after selling 54,100 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.07% of Tyson Foods worth $14,762,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Tyson Foods by 5.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 214,486 shares of the company's stock worth $12,596,000 after buying an additional 10,201 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Tyson Foods by 85.8% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 11,839 shares of the company's stock worth $694,000 after buying an additional 5,468 shares in the last quarter. Probity Advisors Inc. grew its holdings in Tyson Foods by 4.8% in the 4th quarter. Probity Advisors Inc. now owns 8,182 shares of the company's stock worth $480,000 after buying an additional 375 shares in the last quarter. Optas LLC bought a new position in Tyson Foods in the 4th quarter worth approximately $435,000. Finally, Jeppson Wealth Management LLC grew its holdings in Tyson Foods by 10.3% in the 4th quarter. Jeppson Wealth Management LLC now owns 12,953 shares of the company's stock worth $759,000 after buying an additional 1,210 shares in the last quarter. 67.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TSN has been the subject of a number of recent analyst reports. Sanford C. Bernstein reissued a "market perform" rating and issued a $69.00 price objective on shares of Tyson Foods in a report on Tuesday, February 3rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Tyson Foods in a report on Monday, December 29th. Argus upgraded shares of Tyson Foods to a "hold" rating in a report on Friday, February 6th. Barclays increased their price objective on shares of Tyson Foods from $75.00 to $78.00 and gave the company an "overweight" rating in a report on Tuesday, February 3rd. Finally, BMO Capital Markets increased their price objective on shares of Tyson Foods from $67.00 to $73.00 and gave the company an "outperform" rating in a report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and an average target price of $66.45.

Tyson Foods Trading Up 1.1%

Tyson Foods stock opened at $65.24 on Friday. The firm has a 50 day simple moving average of $63.06 and a 200-day simple moving average of $59.27. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. The stock has a market capitalization of $22.97 billion, a PE ratio of 116.51, a price-to-earnings-growth ratio of 1.40 and a beta of 0.44. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $66.41.

Tyson Foods (NYSE:TSN - Get Free Report) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.04). The company had revenue of $14.31 billion during the quarter, compared to the consensus estimate of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share. As a group, equities research analysts expect that Tyson Foods, Inc. will post 3.95 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, June 1st. Tyson Foods's dividend payout ratio (DPR) is presently 364.29%.

Tyson Foods Company Profile

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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