Fjarde AP Fonden Fourth Swedish National Pension Fund Has $4.13 Million Position in Tyson Foods, Inc. (TSN)
Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 43.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,977 shares of the company’s stock after buying an additional 19,993 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tyson Foods were worth $4,132,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama increased its stake in Tyson Foods by 0.7% in the first quarter. Retirement Systems of Alabama now owns 138,705 shares of the company’s stock worth $8,559,000 after buying an additional 988 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Tyson Foods by 170.5% in the first quarter. Nationwide Fund Advisors now owns 222,306 shares of the company’s stock valued at $13,719,000 after buying an additional 140,123 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Tyson Foods by 11.7% in the first quarter. ProShare Advisors LLC now owns 58,431 shares of the company’s stock valued at $3,606,000 after buying an additional 6,143 shares in the last quarter. First Mercantile Trust Co. purchased a new position in shares of Tyson Foods during the first quarter valued at approximately $216,000. Finally, Strs Ohio increased its position in shares of Tyson Foods by 52.7% in the first quarter. Strs Ohio now owns 179,374 shares of the company’s stock valued at $11,069,000 after buying an additional 61,918 shares in the last quarter. Institutional investors own 70.83% of the company’s stock.
Tyson Foods, Inc. (NYSE TSN) opened at 62.55 on Tuesday. The stock’s 50 day moving average is $63.14 and its 200 day moving average is $62.28. The firm has a market capitalization of $22.95 billion, a P/E ratio of 13.19 and a beta of 0.26. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $77.05.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.10. The company had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. Tyson Foods’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 earnings per share. On average, equities research analysts predict that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s payout ratio is 18.95%.
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Several brokerages have commented on TSN. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Thursday, August 10th. BMO Capital Markets restated an “outperform” rating and set a $78.00 price objective (up from $75.00) on shares of Tyson Foods in a research report on Thursday, August 10th. Pivotal Research restated a “sell” rating and set a $40.00 price objective on shares of Tyson Foods in a research report on Tuesday, August 8th. Royal Bank Of Canada boosted their price objective on shares of Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 8th. Finally, Mizuho restated a “buy” rating and set a $76.00 price objective (up from $71.00) on shares of Tyson Foods in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $69.79.
In related news, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mikel A. Durham purchased 2,809 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average cost of $65.77 per share, for a total transaction of $184,747.93. The disclosure for this purchase can be found here. 2.65% of the stock is owned by corporate insiders.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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