Swiss National Bank Raises Stock Position in Tyson Foods, Inc. $TSN

Swiss National Bank grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 6.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 830,700 shares of the company’s stock after purchasing an additional 47,900 shares during the period. Swiss National Bank’s holdings in Tyson Foods were worth $53,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IFP Advisors Inc lifted its position in Tyson Foods by 10.3% in the fourth quarter. IFP Advisors Inc now owns 1,679 shares of the company’s stock valued at $98,000 after acquiring an additional 157 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Tyson Foods by 0.4% during the fourth quarter. IFM Investors Pty Ltd now owns 40,527 shares of the company’s stock worth $2,376,000 after purchasing an additional 159 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in shares of Tyson Foods by 4.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 3,942 shares of the company’s stock worth $231,000 after purchasing an additional 166 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Tyson Foods by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 1,862 shares of the company’s stock worth $101,000 after purchasing an additional 179 shares in the last quarter. Finally, Matrix Trust Co lifted its holdings in shares of Tyson Foods by 28.8% in the 4th quarter. Matrix Trust Co now owns 818 shares of the company’s stock valued at $48,000 after purchasing an additional 183 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE TSN opened at $57.11 on Thursday. The company has a quick ratio of 0.70, a current ratio of 1.83 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The business’s 50-day moving average price is $59.40 and its 200 day moving average price is $61.77. The firm has a market cap of $20.11 billion, a P/E ratio of 44.97, a P/E/G ratio of 1.18 and a beta of 0.40.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.63 billion. Tyson Foods had a return on equity of 7.59% and a net margin of 0.81%.The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. On average, equities research analysts expect that Tyson Foods, Inc. will post 4.08 earnings per share for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. Tyson Foods’s payout ratio is presently 160.63%.

Analyst Ratings Changes

TSN has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Piper Sandler reiterated an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Wall Street Zen downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Stephens raised their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Mizuho initiated coverage on shares of Tyson Foods in a report on Thursday, March 26th. They issued an “outperform” rating and a $72.00 target price on the stock. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Tyson Foods currently has an average rating of “Hold” and an average target price of $70.88.

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.