KLP Kapitalforvaltning AS Takes $16.24 Million Position in Tyson Foods, Inc. (NYSE:TSN)

KLP Kapitalforvaltning AS acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) during the fourth quarter, Holdings Channel.com reports. The firm acquired 282,731 shares of the company’s stock, valued at approximately $16,240,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Riverview Trust Co raised its holdings in shares of Tyson Foods by 3,423.1% in the 4th quarter. Riverview Trust Co now owns 458 shares of the company’s stock valued at $26,000 after purchasing an additional 445 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Tyson Foods by 2,478.3% in the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 570 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Tyson Foods in the 3rd quarter valued at $36,000. SRS Capital Advisors Inc. grew its position in shares of Tyson Foods by 58.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 620 shares of the company’s stock valued at $36,000 after buying an additional 229 shares during the last quarter. Finally, TCTC Holdings LLC grew its position in shares of Tyson Foods by 140.7% in the 4th quarter. TCTC Holdings LLC now owns 662 shares of the company’s stock valued at $38,000 after buying an additional 387 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on TSN shares. Barclays dropped their target price 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. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research report on Tuesday, February 4th. 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. UBS Group began coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective on the stock. Finally, Citigroup lowered their price objective 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. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Stock Up 0.1 %

Shares of NYSE:TSN opened at $60.46 on Monday. The company has a market cap of $21.53 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.74 and a beta of 0.72. The firm’s 50-day simple moving average is $58.55 and its 200-day simple moving average is $59.69. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a fifty-two week low of $53.61 and a fifty-two week high of $66.88.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. As a group, equities research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.50 per share. 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 (DPR) is presently 67.57%.

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.