65,750 Shares in Tyson Foods, Inc. $TSN Purchased by SEB Asset Management AB

SEB Asset Management AB purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 65,750 shares of the company’s stock, valued at approximately $4,213,000.

A number of other large investors have also added to or reduced their stakes in TSN. Ascentis Independent Advisors purchased a new stake in shares of Tyson Foods during the 1st quarter worth approximately $30,000. Cedar Mountain Advisors LLC boosted its position in shares of Tyson Foods by 293.5% during the 1st quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock valued at $31,000 after acquiring an additional 364 shares during the last quarter. City Holding Co. purchased a new position in shares of Tyson Foods in the fourth quarter valued at $29,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after purchasing an additional 198 shares in the last quarter. Finally, Activest Wealth Management increased its position in Tyson Foods by 3,842.9% in the fourth quarter. Activest Wealth Management now owns 552 shares of the company’s stock worth $32,000 after purchasing an additional 538 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Analysts Set New Price Targets

TSN has been the topic of a number of recent research reports. Mizuho started coverage on shares of Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target on the stock. Wall Street Zen downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Bank of America decreased their target price on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. Finally, Weiss Ratings lowered Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Four research 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.88.

Tyson Foods Price Performance

Tyson Foods stock opened at $57.11 on Thursday. Tyson Foods, Inc. has a 12-month low of $50.56 and a 12-month high of $69.48. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $59.40 and a 200-day moving average price of $61.77. The firm has a market capitalization of $20.11 billion, a PE ratio of 44.97, a price-to-earnings-growth ratio of 1.18 and a beta of 0.40.

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

Tyson Foods Announces Dividend

The business also recently declared 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 is Tuesday, September 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.6%. Tyson Foods’s dividend payout ratio is presently 160.63%.

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.