Swiss Life Asset Management Ltd Reduces Stock Holdings in Tyson Foods, Inc. $TSN

Swiss Life Asset Management Ltd lessened its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 31.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,167 shares of the company’s stock after selling 14,666 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Tyson Foods were worth $1,747,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its holdings in Tyson Foods by 93.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after acquiring an additional 228 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Tyson Foods in the third quarter valued at about $28,000. Wilmington Savings Fund Society FSB grew its position in shares of Tyson Foods by 89.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 682 shares of the company’s stock valued at $37,000 after purchasing an additional 322 shares during the last quarter. Caldwell Trust Co purchased a new position in shares of Tyson Foods during the 3rd quarter worth approximately $38,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Tyson Foods by 110.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock worth $40,000 after purchasing an additional 384 shares in the last quarter. 67.00% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Trading Up 2.5%

Shares of TSN stock opened at $59.65 on Tuesday. The firm’s 50-day simple moving average is $62.63 and its 200-day simple moving average is $57.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66. Tyson Foods, Inc. has a 1-year low of $50.56 and a 1-year high of $66.41. The firm has a market cap of $21.00 billion, a P/E ratio of 106.53, a PEG ratio of 1.28 and a beta of 0.47.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results 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). The company had revenue of $14.31 billion during the quarter, compared to analyst estimates of $14.11 billion. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 EPS. As a group, equities analysts forecast that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, June 1st. Tyson Foods’s payout ratio is currently 364.29%.

Analyst Ratings Changes

A number of brokerages have commented on TSN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. Barclays upped their price objective on Tyson Foods from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Argus upgraded Tyson Foods to a “hold” rating in a research report on Friday, February 6th. Sanford C. Bernstein reissued a “market perform” rating and issued a $69.00 target price on shares of Tyson Foods in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets raised their price target on shares of Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $64.27.

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.