Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Tyson Foods, Inc. (NYSE:TSN – Free Report) by 64.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 194,649 shares of the company’s stock after purchasing an additional 76,284 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Tyson Foods were worth $10,889,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Tyson Foods by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 35,961,408 shares of the company’s stock worth $2,294,697,000 after purchasing an additional 247,051 shares during the period. Pzena Investment Management LLC raised its position in Tyson Foods by 3.4% in the second quarter. Pzena Investment Management LLC now owns 13,708,700 shares of the company’s stock worth $766,865,000 after acquiring an additional 444,648 shares during the period. Davis Selected Advisers boosted its stake in shares of Tyson Foods by 91.4% during the 2nd quarter. Davis Selected Advisers now owns 8,956,466 shares of the company’s stock worth $501,025,000 after acquiring an additional 4,276,884 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Tyson Foods by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 7,388,306 shares of the company’s stock valued at $411,571,000 after acquiring an additional 122,055 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Tyson Foods by 0.8% in the 1st quarter. Northern Trust Corp now owns 4,737,737 shares of the company’s stock worth $302,315,000 after purchasing an additional 36,941 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.
Tyson Foods Stock Down 1.1%
NYSE TSN opened at $53.06 on Thursday. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $64.72. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The stock has a market cap of $18.88 billion, a PE ratio of 24.12, a P/E/G ratio of 0.85 and a beta of 0.56. The stock’s 50 day moving average is $53.22 and its 200 day moving average is $54.70.
Tyson Foods Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.51 per share. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.04 annualized dividend and a dividend yield of 3.8%. Tyson Foods’s payout ratio is currently 153.38%.
Tyson Foods announced that its Board of Directors has initiated a stock buyback program on Thursday, August 7th that permits the company to repurchase 43,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday. Zacks Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Bernstein Bank downgraded Tyson Foods to a “market perform” rating and cut their price objective for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. BMO Capital Markets raised their target price on shares of Tyson Foods from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 11th. Finally, Santander assumed coverage on shares of Tyson Foods in a report on Thursday, September 25th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.75.
Get Our Latest Analysis on Tyson Foods
Tyson Foods 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 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.
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