Tredje AP fonden Sells 248 Shares of Tyson Foods, Inc. (NYSE:TSN)

Tredje AP fonden decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 12,026 shares of the company’s stock after selling 248 shares during the quarter. Tredje AP fonden’s holdings in Tyson Foods were worth $687,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. First Financial Corp IN bought a new position in Tyson Foods during the 1st quarter worth about $35,000. Pittenger & Anderson Inc. bought a new position in shares of Tyson Foods during the first quarter valued at approximately $42,000. Lindbrook Capital LLC increased its holdings in Tyson Foods by 42.0% during the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock valued at $43,000 after buying an additional 214 shares during the period. Mather Group LLC. bought a new position in Tyson Foods in the first quarter worth approximately $49,000. Finally, Hantz Financial Services Inc. purchased a new stake in Tyson Foods during the second quarter worth $54,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $60.14 on Friday. The firm has a market capitalization of $21.40 billion, a P/E ratio of -33.79, a PEG ratio of 0.43 and a beta of 0.78. Tyson Foods, Inc. has a 52 week low of $44.94 and a 52 week high of $66.88. The company has a quick ratio of 0.95, a current ratio of 1.82 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average price of $62.05 and a 200 day moving average price of $59.31.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. During the same quarter last year, the company posted $0.15 earnings per share. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts expect that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.26%. Tyson Foods’s payout ratio is presently -110.11%.

Analysts Set New Price Targets

TSN has been the topic of a number of analyst reports. Bank of America cut their price target on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. BMO Capital Markets boosted their target price on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Barclays boosted their price objective on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Finally, StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.44.

Tyson Foods Company 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.