Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 14.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,915 shares of the company’s stock after selling 18,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tyson Foods were worth $6,141,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group increased its holdings in Tyson Foods by 2,478.3% during the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after buying an additional 570 shares during the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of Tyson Foods by 56.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Tyson Foods in the 3rd quarter worth approximately $36,000. ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods in the 4th quarter worth approximately $42,000. Finally, Fiduciary Advisors Inc. purchased a new position in Tyson Foods in the fourth quarter valued at approximately $53,000. 67.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on TSN shares. Stephens boosted their target price on Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. BMO Capital Markets boosted their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Citigroup cut their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.10.

Tyson Foods Stock Up 0.5 %

Shares of NYSE:TSN opened at $60.78 on Tuesday. The firm has a fifty day moving average price of $57.24 and a two-hundred day moving average price of $60.02. The company has a market cap of $21.65 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 0.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.04. Tyson Foods, Inc. has a one year low of $52.11 and a one year high of $66.88.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data 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. The company had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share. Analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is 67.57%.

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.