Skandinaviska Enskilda Banken AB publ Has $6.80 Million Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

Skandinaviska Enskilda Banken AB publ grew its position in Tyson Foods, Inc. (NYSE:TSN) by 101.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 118,947 shares of the company’s stock after buying an additional 59,942 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Tyson Foods were worth $6,797,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Achmea Investment Management B.V. increased its position in Tyson Foods by 158.6% in the fourth quarter. Achmea Investment Management B.V. now owns 61,475 shares of the company’s stock worth $3,531,000 after purchasing an additional 37,704 shares during the period. Essential Planning LLC. acquired a new stake in shares of Tyson Foods during the 4th quarter worth approximately $1,264,000. Great Lakes Advisors LLC raised its stake in shares of Tyson Foods by 4.0% during the fourth quarter. Great Lakes Advisors LLC now owns 827,813 shares of the company’s stock worth $47,550,000 after buying an additional 31,829 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Tyson Foods by 134.9% in the fourth quarter. Farther Finance Advisors LLC now owns 9,905 shares of the company’s stock valued at $569,000 after buying an additional 5,688 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Tyson Foods by 10.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,896 shares of the company’s stock valued at $109,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.2 %

Shares of Tyson Foods stock opened at $59.87 on Friday. The stock has a market cap of $21.33 billion, a P/E ratio of 20.23, a P/E/G ratio of 0.74 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Tyson Foods, Inc. has a 12-month low of $53.61 and a 12-month high of $66.88. The business’s 50 day moving average is $58.04 and its 200-day moving average is $59.88.

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

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 annualized dividend and a dividend yield of 3.34%. Tyson Foods’s dividend payout ratio is currently 67.57%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSN. HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Citigroup cut their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays lowered their price target on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. UBS Group initiated coverage on shares of Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target on the stock. Finally, Piper Sandler raised Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price objective on the stock in a research note 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.10.

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.