AGF Management Ltd. Invests $2.35 Million in Tyson Foods, Inc. (NYSE:TSN)

AGF Management Ltd. bought a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,876 shares of the company’s stock, valued at approximately $2,348,000.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its holdings in Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock valued at $792,438,000 after acquiring an additional 859,351 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Tyson Foods by 0.4% during the 3rd quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock worth $747,108,000 after buying an additional 54,217 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Tyson Foods by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock worth $404,559,000 after buying an additional 87,054 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Tyson Foods by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,315,701 shares of the company’s stock worth $190,454,000 after buying an additional 427,582 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Tyson Foods by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,456,740 shares of the company’s stock worth $141,115,000 after buying an additional 98,799 shares during the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN stock opened at $59.87 on Friday. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 52 week low of $53.61 and a 52 week high of $66.88. The stock has a market capitalization of $21.33 billion, a PE ratio of 20.23, a P/E/G ratio of 0.74 and a beta of 0.72. The firm has a 50 day moving average of $58.04 and a two-hundred day moving average of $59.91.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $13.46 billion. During the same period last year, the business earned $0.69 EPS. The company’s revenue was up 2.3% on a year-over-year basis. On average, research analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.34%. Tyson Foods’s dividend payout ratio is currently 67.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TSN. Barclays cut their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Stephens increased their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Citigroup lowered their price objective on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $61.10.

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.