Swiss Life Asset Management Ltd Cuts Position in Tyson Foods, Inc. $TSN

Swiss Life Asset Management Ltd lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 31.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,167 shares of the company’s stock after selling 14,666 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Tyson Foods were worth $1,747,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in Tyson Foods by 55.3% in the second quarter. Thrivent Financial for Lutherans now owns 58,694 shares of the company’s stock valued at $3,273,000 after purchasing an additional 20,888 shares in the last quarter. Markel Group Inc. raised its holdings in Tyson Foods by 4.0% during the third quarter. Markel Group Inc. now owns 848,500 shares of the company’s stock worth $46,074,000 after purchasing an additional 32,500 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Tyson Foods by 73.4% during the third quarter. JPMorgan Chase & Co. now owns 1,879,219 shares of the company’s stock worth $102,042,000 after purchasing an additional 795,710 shares in the last quarter. Liberty One Investment Management LLC lifted its position in shares of Tyson Foods by 32.1% during the 3rd quarter. Liberty One Investment Management LLC now owns 113,798 shares of the company’s stock worth $6,179,000 after buying an additional 27,627 shares during the last quarter. Finally, Polaris Capital Management LLC boosted its holdings in shares of Tyson Foods by 20.4% in the 3rd quarter. Polaris Capital Management LLC now owns 543,248 shares of the company’s stock valued at $29,498,000 after buying an additional 91,900 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TSN. Argus raised shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Sanford C. Bernstein reissued a “market perform” rating and issued a $69.00 target price on shares of Tyson Foods in a research report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. BMO Capital Markets lifted their price target on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Finally, Barclays boosted their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $64.27.

Tyson Foods Stock Up 2.5%

Tyson Foods stock opened at $59.65 on Tuesday. The stock’s 50 day moving average price is $62.63 and its 200 day moving average price is $57.79. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $66.41. The company has a market cap of $21.00 billion, a PE ratio of 106.53, a price-to-earnings-growth ratio of 1.28 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The company had revenue of $14.31 billion for the quarter, compared to analyst estimates of $14.11 billion. During the same period last year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.51 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. Tyson Foods’s dividend payout ratio is currently 364.29%.

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.