DNB Asset Management AS Buys 60,512 Shares of Tyson Foods, Inc. $TSN

DNB Asset Management AS boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 46.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,526 shares of the company’s stock after purchasing an additional 60,512 shares during the quarter. DNB Asset Management AS’s holdings in Tyson Foods were worth $11,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in TSN. Davis Selected Advisers boosted its position in Tyson Foods by 28.8% during the fourth quarter. Davis Selected Advisers now owns 12,827,540 shares of the company’s stock valued at $751,951,000 after purchasing an additional 2,865,413 shares in the last quarter. AQR Capital Management LLC boosted its position in Tyson Foods by 34.4% during the third quarter. AQR Capital Management LLC now owns 6,726,796 shares of the company’s stock valued at $363,852,000 after purchasing an additional 1,720,009 shares in the last quarter. Two Sigma Investments LP boosted its position in Tyson Foods by 877.2% during the third quarter. Two Sigma Investments LP now owns 1,373,370 shares of the company’s stock valued at $74,574,000 after purchasing an additional 1,232,835 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Tyson Foods by 73.4% during the third quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock valued at $102,042,000 after purchasing an additional 795,710 shares in the last quarter. Finally, Caisse de depot et placement du Quebec boosted its position in Tyson Foods by 34.2% during the third quarter. Caisse de depot et placement du Quebec now owns 1,746,120 shares of the company’s stock valued at $94,814,000 after purchasing an additional 445,018 shares in the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.0%

Tyson Foods stock opened at $65.78 on Monday. The stock has a 50-day moving average of $63.77 and a two-hundred day moving average of $60.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $69.48. The stock has a market cap of $23.16 billion, a PE ratio of 51.79, a price-to-earnings-growth ratio of 1.35 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same period last year, the business posted $0.92 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts anticipate that Tyson Foods, Inc. will post 4.1 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.1%. Tyson Foods’s payout ratio is 160.63%.

Wall Street Analyst Weigh In

TSN has been the topic of a number of recent research reports. Argus raised Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $69.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 3rd. Stephens increased their price target on Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Barclays increased their price target on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, March 24th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $68.27.

Tyson Foods Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.