Swiss National Bank Sells 41,400 Shares of Tyson Foods, Inc. $TSN

Swiss National Bank lowered its stake in Tyson Foods, Inc. (NYSE:TSN) by 4.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 824,800 shares of the company’s stock after selling 41,400 shares during the period. Swiss National Bank’s holdings in Tyson Foods were worth $44,787,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Tyson Foods by 1.5% during the second quarter. Vanguard Group Inc. now owns 36,504,921 shares of the company’s stock valued at $2,042,085,000 after purchasing an additional 543,513 shares during the period. State Street Corp boosted its holdings in shares of Tyson Foods by 3.2% in the 2nd quarter. State Street Corp now owns 13,990,394 shares of the company’s stock worth $782,623,000 after purchasing an additional 439,623 shares during the period. Pzena Investment Management LLC increased its position in shares of Tyson Foods by 0.9% during the 3rd quarter. Pzena Investment Management LLC now owns 13,829,526 shares of the company’s stock valued at $750,943,000 after purchasing an additional 120,826 shares during the last quarter. Davis Selected Advisers increased its position 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 valued at $501,025,000 after purchasing an additional 4,276,884 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in 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 buying an additional 122,055 shares during the period. 67.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSN. Piper Sandler raised their price target on Tyson Foods from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 29th. Argus upgraded shares of Tyson Foods to a “hold” rating in a report on Friday, February 6th. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets upped their price target on shares of Tyson Foods from $67.00 to $73.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $64.27.

Tyson Foods Stock Up 2.0%

Shares of NYSE TSN opened at $60.98 on Friday. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $66.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53. The stock has a 50 day moving average price of $62.23 and a 200 day moving average price of $57.61. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 108.89, a PEG ratio of 1.32 and a beta of 0.47.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.04). Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.The business had revenue of $14.31 billion during the quarter, compared to analysts’ expectations of $14.11 billion. During the same period last year, the company earned $1.14 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Sell-side analysts expect that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio is presently 364.29%.

About Tyson Foods

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.