Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in Tyson Foods, Inc. (NYSE:TSN) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,975 shares of the company’s stock after purchasing an additional 729 shares during the quarter. Handelsbanken Fonder AB’s holdings in Tyson Foods were worth $286,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Crossmark Global Holdings Inc. boosted its holdings in Tyson Foods by 0.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock worth $1,160,000 after acquiring an additional 172 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Tyson Foods by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock valued at $643,000 after acquiring an additional 184 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Tyson Foods by 0.4% in the 3rd 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. Naples Global Advisors LLC grew its stake in Tyson Foods by 1.0% during the 4th quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock worth $1,137,000 after buying an additional 202 shares during the last quarter. Finally, Empirical Finance LLC boosted its stake in Tyson Foods by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after purchasing an additional 206 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Tyson Foods Trading Up 0.7 %

Shares of TSN stock opened at $61.75 on Tuesday. The firm’s fifty day simple moving average is $57.51 and its 200 day simple moving average is $60.01. The firm has a market capitalization of $21.99 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 0.74 and a beta of 0.80. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 1 year low of $52.11 and a 1 year high of $66.88.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) 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 company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.46 billion. During the same quarter in the prior year, the company posted $0.69 EPS. The business’s revenue 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 EPS for the current year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, May 30th. Tyson Foods’s payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. 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 report on Tuesday, February 4th. BMO Capital Markets boosted their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Barclays dropped their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research 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 note on Monday, February 3rd. Finally, HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and an average price target of $61.10.

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.