National Bank of Canada FI Increases Stake in Tyson Foods, Inc. (NYSE:TSN)

National Bank of Canada FI lifted its stake in Tyson Foods, Inc. (NYSE:TSN - Free Report) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,592 shares of the company's stock after buying an additional 36,647 shares during the period. National Bank of Canada FI owned approximately 0.07% of Tyson Foods worth $13,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSN. Cambridge Investment Research Advisors Inc. grew its position in shares of Tyson Foods by 1.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 64,789 shares of the company's stock worth $3,271,000 after acquiring an additional 1,068 shares during the last quarter. Raymond James & Associates raised its stake in shares of Tyson Foods by 2.6% during the third quarter. Raymond James & Associates now owns 183,668 shares of the company's stock worth $9,273,000 after purchasing an additional 4,618 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Tyson Foods by 306.8% during the third quarter. Lindbrook Capital LLC now owns 716 shares of the company's stock worth $36,000 after purchasing an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tyson Foods by 4.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 109,160 shares of the company's stock worth $5,511,000 after purchasing an additional 4,382 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in shares of Tyson Foods by 3.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 56,511 shares of the company's stock worth $2,853,000 after buying an additional 1,755 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Price Performance

TSN traded up $0.52 on Thursday, reaching $59.65. The company had a trading volume of 2,417,730 shares, compared to its average volume of 2,872,226. The company has a fifty day moving average of $58.00 and a 200-day moving average of $53.66. The company has a market capitalization of $21.26 billion, a P/E ratio of -24.15, a PEG ratio of 0.49 and a beta of 0.74. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $62.04. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46.

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

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.29%. Tyson Foods's payout ratio is -79.35%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TSN shares. BMO Capital Markets lifted their price target on Tyson Foods from $55.00 to $58.00 and gave the company a "market perform" rating in a research note on Tuesday. Citigroup increased their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the company a "neutral" rating in a report on Wednesday, April 3rd. Stephens reissued an "overweight" rating and set a $70.00 price objective on shares of Tyson Foods in a report on Tuesday, February 6th. Barclays raised shares of Tyson Foods from an "underweight" rating to an "overweight" rating and increased their target price for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. Finally, HSBC upped their target price on Tyson Foods from $48.00 to $51.00 and gave the company a "reduce" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $60.60.

Insiders Place Their Bets

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 value of $483,750.00. Following the transaction, the director now directly owns 31,115 shares in the company, valued at approximately $1,672,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.05% of the stock is currently owned by company insiders.

Tyson Foods 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.