Forsta AP Fonden Buys 27,500 Shares of Tyson Foods, Inc. (NYSE:TSN)

Forsta AP Fonden grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 49.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,500 shares of the company’s stock after buying an additional 27,500 shares during the quarter. Forsta AP Fonden’s holdings in Tyson Foods were worth $4,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its holdings in Tyson Foods by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after acquiring an additional 172 shares during the period. Signaturefd LLC lifted its stake in shares of Tyson Foods by 6.9% in the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after purchasing an additional 175 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after buying an additional 184 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Tyson Foods by 0.4% during the third quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock valued at $2,908,000 after buying an additional 189 shares during the period. Finally, Empirical Finance LLC increased its holdings in Tyson Foods by 2.1% during the third quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after buying an additional 206 shares during the last quarter. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Stock Down 0.4 %

TSN opened at $56.54 on Friday. Tyson Foods, Inc. has a 52 week low of $51.16 and a 52 week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The firm has a 50-day simple moving average of $58.96 and a two-hundred day simple moving average of $60.32. The company has a market capitalization of $20.12 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 0.85 and a beta of 0.81.

Tyson Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.50 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, February 28th. This represents a $2.00 dividend on an annualized basis and a yield of 3.54%. Tyson Foods’s payout ratio is presently 88.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TSN shares. Stephens boosted their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. BMO Capital Markets upped their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Citigroup cut their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday. Piper Sandler raised their target price on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 13th. Finally, Barclays dropped their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods has a consensus rating of “Hold” and a consensus price target of $60.80.

Insider Activity

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $64.80, for a total value of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares in the company, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares in the company, valued at $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 414,814 shares of company stock worth $26,450,955. 2.03% of the stock is currently owned by insiders.

About Tyson Foods

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.