3,048,147 Shares in Tyson Foods, Inc. (NYSE:TSN) Purchased by Norges Bank

Norges Bank acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, Holdings Channel.com reports. The fund acquired 3,048,147 shares of the company’s stock, valued at approximately $175,086,000.

Other large investors also recently bought and sold shares of the company. NEOS Investment Management LLC lifted its stake in Tyson Foods by 30.5% during the fourth quarter. NEOS Investment Management LLC now owns 15,951 shares of the company’s stock worth $916,000 after purchasing an additional 3,731 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Tyson Foods by 21.1% during the fourth quarter. UniSuper Management Pty Ltd now owns 37,299 shares of the company’s stock worth $2,142,000 after purchasing an additional 6,505 shares during the period. Elo Mutual Pension Insurance Co lifted its position in shares of Tyson Foods by 15.3% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 29,299 shares of the company’s stock worth $1,683,000 after buying an additional 3,893 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Tyson Foods by 14.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 463,018 shares of the company’s stock valued at $26,938,000 after buying an additional 57,953 shares during the period. Finally, Korea Investment CORP grew its position in shares of Tyson Foods by 62.9% during the 4th quarter. Korea Investment CORP now owns 103,859 shares of the company’s stock valued at $5,966,000 after buying an additional 40,112 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Trading Down 0.0 %

Shares of NYSE:TSN opened at $62.36 on Monday. The company has a 50 day moving average of $59.11 and a 200-day moving average of $59.59. The company has a current ratio of 2.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The firm has a market cap of $22.21 billion, a P/E ratio of 21.07, a P/E/G ratio of 0.74 and a beta of 0.72. Tyson Foods, Inc. has a twelve month low of $53.61 and a twelve month high of $66.88.

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

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.21%. The ex-dividend date is Friday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 67.57%.

Analysts Set New Price Targets

TSN has been the topic of a number of recent research reports. Barclays cut their target price on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Citigroup cut their price target on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Stephens upped their price objective on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. UBS Group assumed coverage on Tyson Foods in a research note on Friday, January 10th. They issued a “neutral” rating and a $62.00 target price on the stock. Finally, HSBC upgraded shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $61.10.

About Tyson Foods

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.