Forsta AP Fonden Boosts Stake in Tyson Foods, Inc. (NYSE:TSN)

Forsta AP Fonden grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 49.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 83,500 shares of the company’s stock after buying an additional 27,500 shares during the period. Forsta AP Fonden’s holdings in Tyson Foods were worth $4,796,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. grew its position in Tyson Foods by 0.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after acquiring an additional 172 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock worth $162,000 after purchasing an additional 175 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Tyson Foods by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after purchasing an additional 184 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Tyson Foods by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock valued at $2,908,000 after buying an additional 189 shares in the last quarter. Finally, Empirical Finance LLC boosted its position in Tyson Foods by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after buying an additional 206 shares during the period. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel Adam S. Deckinger sold 10,500 shares of Tyson Foods stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the sale, the general counsel now directly owns 19,260 shares in the company, valued at approximately $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the transaction, the chairman now directly owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 414,814 shares of company stock valued at $26,450,955. 2.03% of the stock is currently owned by corporate insiders.

Tyson Foods Price Performance

NYSE TSN opened at $56.54 on Friday. The firm’s fifty day simple moving average is $58.96 and its two-hundred day simple moving average is $60.32. The firm has a market capitalization of $20.12 billion, a P/E ratio of 25.13, a P/E/G ratio of 0.85 and a beta of 0.81. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $51.16 and a 12-month high of $66.88.

Tyson Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.50 per share. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 3.54%. The ex-dividend date is Friday, February 28th. Tyson Foods’s dividend payout ratio is currently 88.89%.

Analyst Upgrades and Downgrades

TSN has been the subject of several research analyst reports. Bank of America decreased their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Citigroup lowered their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a report on Friday. UBS Group started coverage on Tyson Foods in a research note on Friday, January 10th. They set a “neutral” rating and a $62.00 price target on the stock. Barclays lowered their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Finally, Stephens raised their target price on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $60.80.

Tyson Foods 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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.