Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stock Holdings in Tyson Foods, Inc. $TSN

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,546 shares of the company’s stock after selling 14,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tyson Foods were worth $8,708,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TSN. Empowered Funds LLC increased its holdings in shares of Tyson Foods by 15.6% during the 1st quarter. Empowered Funds LLC now owns 28,076 shares of the company’s stock valued at $1,792,000 after purchasing an additional 3,788 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Tyson Foods by 40.8% during the 1st quarter. Woodline Partners LP now owns 24,178 shares of the company’s stock valued at $1,543,000 after purchasing an additional 7,011 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Tyson Foods by 84.0% during the 1st quarter. Focus Partners Wealth now owns 12,597 shares of the company’s stock valued at $804,000 after purchasing an additional 5,749 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Tyson Foods by 100.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,393 shares of the company’s stock valued at $414,000 after purchasing an additional 3,702 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of Tyson Foods by 129.2% in the second quarter. Cerity Partners LLC now owns 85,939 shares of the company’s stock valued at $4,807,000 after buying an additional 48,451 shares in the last quarter. 67.00% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods Stock Up 0.2%

Tyson Foods stock opened at $58.82 on Monday. The stock has a market capitalization of $20.71 billion, a PE ratio of 46.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.38. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $69.48. The business has a 50 day simple moving average of $64.42 and a 200-day simple moving average of $61.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 0.70.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data 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 business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.63 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. On average, analysts anticipate that Tyson Foods, Inc. will post 4.14 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is presently 160.63%.

Wall Street Analyst Weigh In

TSN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, March 24th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Piper Sandler restated an “overweight” rating and issued a $80.00 price objective on shares of Tyson Foods in a research report on Monday, May 4th. Wall Street Zen upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings upgraded Tyson Foods from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average price target of $68.27.

Tyson Foods Company 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.