Tyson Foods, Inc. $TSN Holdings Lowered by Forsta AP Fonden

Forsta AP Fonden trimmed its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 48.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,500 shares of the company’s stock after selling 49,000 shares during the period. Forsta AP Fonden’s holdings in Tyson Foods were worth $3,019,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. City Holding Co. purchased a new stake in shares of Tyson Foods during the fourth quarter valued at $29,000. Cary Street Partners Investment Advisory LLC raised its position in Tyson Foods by 62.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares during the period. Activest Wealth Management raised its position in Tyson Foods by 3,842.9% during the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock valued at $32,000 after buying an additional 538 shares during the period. ORG Partners LLC raised its position in Tyson Foods by 2,519.2% during the fourth quarter. ORG Partners LLC now owns 681 shares of the company’s stock valued at $40,000 after buying an additional 655 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in Tyson Foods by 110.3% during the third quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock valued at $40,000 after buying an additional 384 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Down 0.5%

TSN opened at $59.64 on Wednesday. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $69.48. The business has a 50-day moving average of $64.57 and a 200-day moving average of $61.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70. The company has a market capitalization of $21.00 billion, a PE ratio of 46.96, a price-to-earnings-growth ratio of 1.23 and a beta of 0.38.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion. During the same period last year, the business earned $0.92 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts forecast that Tyson Foods, Inc. will post 4.1 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. Tyson Foods’s dividend payout ratio (DPR) is 160.63%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Mizuho assumed coverage on Tyson Foods in a research report on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 24th. Argus raised Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Finally, Barclays upped their price target on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $68.27.

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.