Forsta AP Fonden Has $3.34 Million Position in Tyson Foods, Inc. (NYSE:TSN)

Forsta AP Fonden boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,000 shares of the company’s stock after acquiring an additional 2,700 shares during the quarter. Forsta AP Fonden’s holdings in Tyson Foods were worth $3,335,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TSN. Mirae Asset Global Investments Co. Ltd. boosted its stake in Tyson Foods by 28.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,362 shares of the company’s stock valued at $1,156,000 after buying an additional 4,280 shares in the last quarter. Burford Brothers Inc. increased its position in Tyson Foods by 18.4% during the 3rd quarter. Burford Brothers Inc. now owns 10,668 shares of the company’s stock worth $635,000 after purchasing an additional 1,657 shares in the last quarter. Lincoln Capital Corp lifted its stake in Tyson Foods by 1.8% in the 3rd quarter. Lincoln Capital Corp now owns 42,274 shares of the company’s stock valued at $2,518,000 after purchasing an additional 766 shares during the last quarter. Heritage Oak Wealth Advisors LLC bought a new stake in shares of Tyson Foods during the third quarter worth $5,653,000. Finally, apricus wealth LLC increased its holdings in shares of Tyson Foods by 2.6% during the third quarter. apricus wealth LLC now owns 52,780 shares of the company’s stock worth $3,144,000 after buying an additional 1,360 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

Shares of Tyson Foods stock opened at $58.38 on Wednesday. The company has a market cap of $20.77 billion, a P/E ratio of -973.00, a PEG ratio of 0.38 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $61.13 and a two-hundred day moving average price of $59.71. Tyson Foods, Inc. has a 1-year low of $45.13 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. During the same quarter last year, the firm posted $0.15 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, analysts anticipate that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio is presently -3,266.67%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays upped their target price on Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Citigroup cut their target price on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Bank of America dropped their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets raised their target price on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $59.22.

About Tyson Foods

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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.