Swiss National Bank Sells 25,800 Shares of Tyson Foods, Inc. (NYSE:TSN)

Swiss National Bank trimmed its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 892,900 shares of the company's stock after selling 25,800 shares during the period. Swiss National Bank owned about 0.25% of Tyson Foods worth $47,993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in Tyson Foods by 2.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,729,128 shares of the company's stock valued at $491,224,000 after purchasing an additional 200,586 shares during the period. FMR LLC increased its position in Tyson Foods by 16.1% in the 3rd quarter. FMR LLC now owns 7,448,930 shares of the company's stock valued at $376,096,000 after acquiring an additional 1,034,915 shares during the period. Charles Schwab Investment Management Inc. increased its position in Tyson Foods by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,598,373 shares of the company's stock valued at $333,152,000 after acquiring an additional 223,447 shares during the period. Pzena Investment Management LLC bought a new stake in shares of Tyson Foods in the 3rd quarter valued at $274,707,000. Finally, Northern Trust Corp boosted its stake in shares of Tyson Foods by 2.6% in the 3rd quarter. Northern Trust Corp now owns 5,228,277 shares of the company's stock valued at $263,976,000 after purchasing an additional 134,778 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of Tyson Foods stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the transaction, the director now directly owns 31,115 shares of the company's stock, valued at $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.05% of the company's stock.

Tyson Foods Price Performance

NYSE TSN traded up $0.39 during mid-day trading on Tuesday, hitting $58.89. The stock had a trading volume of 3,502,995 shares, compared to its average volume of 2,877,537. The firm's 50 day moving average is $57.89 and its 200 day moving average is $53.62. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $62.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.67. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of -23.84, a PEG ratio of 0.49 and a beta of 0.74.

Tyson Foods (NYSE:TSN - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.23. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business had revenue of $13.07 billion during the quarter, compared to analysts' expectations of $13.16 billion. During the same period in the prior year, the business posted ($0.04) EPS. The company's revenue was down .5% compared to the same quarter last year. Equities research analysts forecast that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a yield of 3.33%. Tyson Foods's dividend payout ratio is presently -79.35%.

Analysts Set New Price Targets

TSN has been the topic of several research reports. BMO Capital Markets upped their price objective on shares of Tyson Foods from $55.00 to $58.00 and gave the stock a "market perform" rating in a report on Tuesday. StockNews.com raised shares of Tyson Foods from a "sell" rating to a "hold" rating in a research note on Monday, January 22nd. Barclays raised shares of Tyson Foods from an "underweight" rating to an "overweight" rating and lifted their target price for the stock from $53.00 to $69.00 in a research note on Tuesday, April 16th. HSBC lifted their price target on shares of Tyson Foods from $48.00 to $51.00 and gave the company a "reduce" rating in a report on Tuesday. Finally, Stephens reiterated an "overweight" rating and issued a $70.00 price target on shares of Tyson Foods in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Tyson Foods presently has an average rating of "Hold" and a consensus target price of $60.60.

Tyson Foods Company Profile

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.