Handelsbanken Fonder AB Increases Position in Tyson Foods, Inc. (NYSE:TSN)

Handelsbanken Fonder AB increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 87.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 81,601 shares of the company’s stock after buying an additional 38,002 shares during the quarter. Handelsbanken Fonder AB’s holdings in Tyson Foods were worth $4,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in TSN. Pzena Investment Management LLC purchased a new stake in shares of Tyson Foods during the third quarter valued at $274,707,000. Bank of New York Mellon Corp lifted its position in Tyson Foods by 97.2% during the third quarter. Bank of New York Mellon Corp now owns 4,250,887 shares of the company’s stock valued at $214,627,000 after purchasing an additional 2,095,597 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Tyson Foods during the third quarter valued at $77,574,000. Royal London Asset Management Ltd. lifted its position in Tyson Foods by 196.2% during the third quarter. Royal London Asset Management Ltd. now owns 1,904,569 shares of the company’s stock valued at $96,200,000 after purchasing an additional 1,261,583 shares during the period. Finally, FMR LLC lifted its position in Tyson Foods by 16.1% during the third quarter. FMR LLC now owns 7,448,930 shares of the company’s stock valued at $376,096,000 after purchasing an additional 1,034,915 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TSN shares. Stephens restated an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, February 6th. BMO Capital Markets increased their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. Piper Sandler increased their target price on shares of Tyson Foods from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. The Goldman Sachs Group increased their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, Citigroup increased their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. One research analyst has 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. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $58.80.

Tyson Foods Price Performance

Shares of Tyson Foods stock opened at $60.89 on Friday. Tyson Foods, Inc. has a twelve month low of $44.94 and a twelve month high of $63.28. The firm’s 50-day moving average price is $56.82 and its 200 day moving average price is $52.80. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. The firm had revenue of $13.32 billion for the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. Tyson Foods’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.85 EPS. On average, research analysts expect that Tyson Foods, Inc. will post 2.33 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s dividend payout ratio is presently -79.35%.

Insider Activity at Tyson Foods

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.05% of the stock is currently owned by corporate insiders.

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.