Andra AP fonden Decreases Holdings in Tyson Foods, Inc. (NYSE:TSN)

Andra AP fonden lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 47.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,100 shares of the company’s stock after selling 34,500 shares during the period. Andra AP fonden’s holdings in Tyson Foods were worth $2,188,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Tyson Foods by 44.8% during the third quarter. JPMorgan Chase & Co. now owns 1,140,309 shares of the company’s stock worth $67,917,000 after buying an additional 352,863 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Tyson Foods by 17.2% during the fourth quarter. Handelsbanken Fonder AB now owns 4,975 shares of the company’s stock worth $286,000 after buying an additional 729 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Tyson Foods by 14.0% in the fourth quarter. Sound Income Strategies LLC now owns 56,537 shares of the company’s stock worth $3,248,000 after purchasing an additional 6,955 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Tyson Foods by 289.9% in the fourth quarter. Empowered Funds LLC now owns 24,288 shares of the company’s stock worth $1,395,000 after purchasing an additional 18,059 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its stake in shares of Tyson Foods by 517.7% in the third quarter. Mizuho Securities USA LLC now owns 136,235 shares of the company’s stock worth $8,114,000 after purchasing an additional 114,179 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSN. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday, February 3rd. BMO Capital Markets lifted their target price on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Piper Sandler upgraded shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price for the company in a research note on Tuesday, February 4th. Finally, Citigroup reduced their target price on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Price Performance

TSN stock opened at $61.30 on Monday. Tyson Foods, Inc. has a 12 month low of $53.59 and a 12 month high of $66.88. The firm has a market capitalization of $21.84 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average of $57.74 and a 200-day moving average of $59.96.

Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same period in the previous year, the business posted $0.69 earnings per share. Tyson Foods’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.26%. Tyson Foods’s payout ratio is presently 67.57%.

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.