Skandinaviska Enskilda Banken AB publ Sells 30,429 Shares of Tyson Foods, Inc. (NYSE:TSN)
Skandinaviska Enskilda Banken AB publ lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 42.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,335 shares of the company’s stock after selling 30,429 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Tyson Foods were worth $2,392,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aristotle Capital Management LLC boosted its holdings in Tyson Foods by 2.7% during the 1st quarter. Aristotle Capital Management LLC now owns 8,381,851 shares of the company’s stock valued at $485,058,000 after acquiring an additional 217,299 shares during the period. AQR Capital Management LLC lifted its position in Tyson Foods by 6.7% in the first quarter. AQR Capital Management LLC now owns 6,161,003 shares of the company’s stock valued at $355,428,000 after purchasing an additional 387,483 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Tyson Foods by 9.1% during the fourth quarter. Geode Capital Management LLC now owns 5,230,766 shares of the company’s stock valued at $475,353,000 after purchasing an additional 436,609 shares during the period. Norges Bank purchased a new stake in shares of Tyson Foods during the fourth quarter valued at approximately $257,271,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Tyson Foods by 5.8% in the first quarter. Principal Financial Group Inc. now owns 2,823,413 shares of the company’s stock worth $163,391,000 after purchasing an additional 154,905 shares during the last quarter. 66.23% of the stock is owned by institutional investors.
Several equities research analysts have weighed in on TSN shares. Barclays dropped their price target on shares of Tyson Foods from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Piper Sandler downgraded shares of Tyson Foods from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $100.00 to $66.00 in a research note on Tuesday, April 28th. BMO Capital Markets cut their target price on Tyson Foods from $98.00 to $78.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Sanford C. Bernstein raised Tyson Foods from a “market perform” rating to an “outperform” rating and upped their price target for the company from $62.00 to $83.00 in a research report on Thursday, June 4th. Finally, Bank of America cut Tyson Foods from a “buy” rating to a “neutral” rating and reduced their target price for the company from $70.00 to $60.00 in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $76.92.
NYSE TSN opened at $59.26 on Tuesday. The firm has a market capitalization of $21.23 billion, a PE ratio of 11.04, a P/E/G ratio of 2.43 and a beta of 0.65. The stock’s 50 day moving average is $61.44 and its 200 day moving average is $70.50. Tyson Foods, Inc. has a twelve month low of $42.57 and a twelve month high of $94.24. The company has a quick ratio of 0.70, a current ratio of 1.61 and a debt-to-equity ratio of 0.75.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.27). The firm had revenue of $10.89 billion for the quarter, compared to analysts’ expectations of $11.01 billion. Tyson Foods had a net margin of 4.52% and a return on equity of 13.01%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 EPS. On average, research analysts anticipate that Tyson Foods, Inc. will post 4.4 earnings per share for the current year.
The firm 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 $0.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.68 dividend on an annualized basis and a yield of 2.83%. Tyson Foods’s dividend payout ratio (DPR) is currently 30.77%.
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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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