Allianz Asset Management GmbH Acquires 198,824 Shares of Tyson Foods, Inc. (NYSE:TSN)

Allianz Asset Management GmbH increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 37.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 724,900 shares of the company’s stock after purchasing an additional 198,824 shares during the period. Allianz Asset Management GmbH’s holdings in Tyson Foods were worth $41,638,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC grew its stake in shares of Tyson Foods by 56.1% in the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock worth $35,000 after purchasing an additional 210 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Tyson Foods by 2,478.3% in the fourth quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Tyson Foods in the third quarter worth $36,000. ST Germain D J Co. Inc. bought a new stake in shares of Tyson Foods in the fourth quarter worth $42,000. Finally, Fiduciary Advisors Inc. bought a new stake in Tyson Foods during the fourth quarter valued at $53,000. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $60.43 on Friday. The firm’s 50-day moving average price is $57.22 and its 200-day moving average price is $60.04. Tyson Foods, Inc. has a 1-year low of $52.11 and a 1-year high of $66.88. The firm has a market capitalization of $21.52 billion, a P/E ratio of 20.41, a P/E/G ratio of 0.74 and a beta of 0.80. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.46 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays cut their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Stephens upped their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Hsbc Global Res raised shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and a consensus target price of $61.10.

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 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.