Vinva Investment Management Ltd Grows Stock Holdings in Tyson Foods, Inc. $TSN

Vinva Investment Management Ltd grew its position in Tyson Foods, Inc. (NYSE:TSN) by 111.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,714 shares of the company’s stock after buying an additional 204,482 shares during the quarter. Vinva Investment Management Ltd owned 0.11% of Tyson Foods worth $21,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TSN. Parallel Advisors LLC lifted its stake in Tyson Foods by 23.6% during the 3rd quarter. Parallel Advisors LLC now owns 3,203 shares of the company’s stock worth $174,000 after acquiring an additional 612 shares in the last quarter. Meiji Yasuda Life Insurance Co acquired a new position in Tyson Foods in the 3rd quarter valued at about $615,000. Meiji Yasuda Asset Management Co Ltd. increased its stake in Tyson Foods by 306.4% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,009 shares of the company’s stock worth $2,607,000 after purchasing an additional 36,197 shares during the period. Korea Investment CORP increased its stake in Tyson Foods by 7.1% during the third quarter. Korea Investment CORP now owns 160,831 shares of the company’s stock worth $8,733,000 after purchasing an additional 10,700 shares during the period. Finally, Ameriflex Group Inc. lifted its position in shares of Tyson Foods by 1,357.9% during the third quarter. Ameriflex Group Inc. now owns 1,108 shares of the company’s stock worth $60,000 after purchasing an additional 1,032 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TSN. JPMorgan Chase & Co. raised their price objective on shares of Tyson Foods from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Argus raised shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Barclays boosted their price target on shares of Tyson Foods from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets upped their price objective on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $64.27.

Tyson Foods Stock Down 1.0%

TSN stock opened at $61.44 on Friday. The company’s 50 day moving average price is $62.08 and its 200 day moving average price is $57.51. The firm has a market capitalization of $21.63 billion, a price-to-earnings ratio of 109.71, a PEG ratio of 1.35 and a beta of 0.47. Tyson Foods, Inc. has a fifty-two week low of $50.56 and a fifty-two week high of $66.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.97 earnings per share (EPS) 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 firm had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s payout ratio is 364.29%.

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.