Swiss National Bank Has $91.79 Million Holdings in Tyson Foods, Inc. (TSN)
Swiss National Bank boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 6.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,132,265 shares of the company’s stock after purchasing an additional 69,900 shares during the quarter. Swiss National Bank’s holdings in Tyson Foods were worth $91,793,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Affinity Investment Advisors LLC bought a new position in Tyson Foods in the 4th quarter valued at about $10,087,000. California Public Employees Retirement System increased its holdings in Tyson Foods by 31.0% in the 4th quarter. California Public Employees Retirement System now owns 896,964 shares of the company’s stock valued at $72,717,000 after buying an additional 212,508 shares during the period. ING Groep NV increased its holdings in Tyson Foods by 13.2% in the 4th quarter. ING Groep NV now owns 28,296 shares of the company’s stock valued at $2,294,000 after buying an additional 3,297 shares during the period. BT Investment Management Ltd increased its holdings in Tyson Foods by 4,203.5% in the 4th quarter. BT Investment Management Ltd now owns 135,088 shares of the company’s stock valued at $10,952,000 after buying an additional 131,949 shares during the period. Finally, Allegis Investment Advisors LLC bought a new position in Tyson Foods in the 4th quarter valued at about $271,000. Institutional investors and hedge funds own 70.80% of the company’s stock.
In related news, SVP Curt Calaway sold 21,200 shares of Tyson Foods stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $81.01, for a total transaction of $1,717,412.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Bebber David L. Van sold 164,348 shares of Tyson Foods stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $83.26, for a total transaction of $13,683,614.48. The disclosure for this sale can be found here. Insiders have sold a total of 397,342 shares of company stock worth $32,702,254 over the last ninety days. 1.55% of the stock is currently owned by insiders.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.30. The company had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.88 billion. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 EPS. research analysts anticipate that Tyson Foods, Inc. will post 6.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.61%. Tyson Foods’s dividend payout ratio (DPR) is presently 15.79%.
Several equities analysts have commented on TSN shares. Morgan Stanley started coverage on shares of Tyson Foods in a report on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 target price on the stock. Piper Jaffray Companies started coverage on shares of Tyson Foods in a report on Thursday, January 4th. They issued an “overweight” rating and a $94.00 target price on the stock. Argus raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Wednesday, November 15th. KeyCorp reissued a “buy” rating and issued a $88.00 target price on shares of Tyson Foods in a report on Thursday, December 21st. Finally, BMO Capital Markets raised their target price on shares of Tyson Foods to $89.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $76.31.
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Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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