Allianz Asset Management GmbH Has $41.64 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

Allianz Asset Management GmbH grew its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 37.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 724,900 shares of the company’s stock after acquiring an additional 198,824 shares during the period. Allianz Asset Management GmbH owned 0.20% of Tyson Foods worth $41,638,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TSN. Crossmark Global Holdings Inc. raised its position in shares of Tyson Foods by 0.9% in the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after buying an additional 172 shares in the last quarter. Signaturefd LLC raised its position in shares of Tyson Foods by 6.9% in the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after buying an additional 175 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position 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 valued at $643,000 after buying an additional 184 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Tyson Foods by 0.4% in the third 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, Naples Global Advisors LLC raised its position in shares of Tyson Foods by 1.0% in the fourth quarter. Naples Global Advisors LLC now owns 19,794 shares of the company’s stock valued at $1,137,000 after buying an additional 202 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSN. HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Barclays dropped their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. UBS Group assumed coverage on shares of Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 price objective for the company. BMO Capital Markets boosted their price objective on shares of Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Finally, Stephens boosted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Stock Performance

NYSE TSN opened at $60.43 on Friday. The firm’s fifty day moving average price is $57.22 and its two-hundred day moving average price is $60.04. The stock has a market cap of $21.52 billion, a PE ratio of 20.41, a PEG ratio of 0.74 and a beta of 0.80. Tyson Foods, Inc. has a fifty-two week low of $52.11 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 2.11.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.35. The firm had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.46 billion. Tyson Foods had a net margin of 1.96% and a return on equity of 6.87%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, equities analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. Tyson Foods’s payout ratio is presently 67.57%.

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 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.