Skandinaviska Enskilda Banken AB publ trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 42.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,335 shares of the company’s stock after selling 30,429 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Tyson Foods were worth $2,392,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Aristotle Capital Management LLC raised its position in shares of Tyson Foods by 2.7% in the 1st quarter. Aristotle Capital Management LLC now owns 8,381,851 shares of the company’s stock valued at $485,058,000 after buying an additional 217,299 shares in the last quarter. AQR Capital Management LLC increased its stake in Tyson Foods by 6.7% in the first quarter. AQR Capital Management LLC now owns 6,161,003 shares of the company’s stock valued at $355,428,000 after acquiring an additional 387,483 shares during the last quarter. Geode Capital Management LLC raised its position in Tyson Foods by 9.1% during the fourth quarter. Geode Capital Management LLC now owns 5,230,766 shares of the company’s stock valued at $475,353,000 after purchasing an additional 436,609 shares in the last quarter. Norges Bank bought a new stake in Tyson Foods during the fourth quarter worth $257,271,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Tyson Foods by 5.8% in the 1st quarter. Principal Financial Group Inc. now owns 2,823,413 shares of the company’s stock valued at $163,391,000 after purchasing an additional 154,905 shares in the last quarter. 66.23% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Scott Rouse sold 600 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $58.12, for a total value of $34,872.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.68% of the stock is currently owned by insiders.

Shares of TSN opened at $59.26 on Tuesday. The stock’s 50-day moving average price is $61.44 and its two-hundred day moving average price is $70.50. Tyson Foods, Inc. has a 12 month low of $42.57 and a 12 month high of $94.24. The company has a market capitalization of $21.23 billion, a PE ratio of 11.04, a PEG ratio of 2.43 and a beta of 0.65. The company has a current ratio of 1.61, a quick ratio of 0.70 and a debt-to-equity ratio of 0.75.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.27). The company had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $11.01 billion. Tyson Foods had a return on equity of 13.01% and a net margin of 4.52%. Tyson Foods’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.20 earnings per share. Equities research analysts predict that Tyson Foods, Inc. will post 4.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.68 annualized dividend and a yield of 2.83%. Tyson Foods’s payout ratio is 30.77%.

Several analysts recently weighed in on TSN shares. Bank of America downgraded Tyson Foods from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $60.00 in a research report on Tuesday, May 5th. Zacks Investment Research cut shares of Tyson Foods from a “hold” rating to a “sell” rating and set a $66.00 target price for the company. in a report on Saturday, May 2nd. Sanford C. Bernstein raised shares of Tyson Foods from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $62.00 to $83.00 in a report on Thursday, June 4th. ValuEngine raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Thursday, May 7th. Finally, Barclays decreased their target price on shares of Tyson Foods from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $76.92.

Tyson Foods Company Profile

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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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