APG Asset Management N.V. Cuts Stock Position in Tyson Foods, Inc. (NYSE:TSN)

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APG Asset Management N.V. lowered its holdings in Tyson Foods, Inc. (NYSE:TSNGet Rating) by 30.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,107 shares of the company’s stock after selling 18,400 shares during the period. APG Asset Management N.V.’s holdings in Tyson Foods were worth $3,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TSN. Bank of New Hampshire purchased a new position in shares of Tyson Foods during the 1st quarter valued at $27,000. Keybank National Association OH purchased a new position in shares of Tyson Foods during the 1st quarter valued at $489,000. Glenmede Trust Co. NA lifted its position in shares of Tyson Foods by 0.4% during the 4th quarter. Glenmede Trust Co. NA now owns 203,403 shares of the company’s stock valued at $17,729,000 after buying an additional 893 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of Tyson Foods by 44.9% during the 1st quarter. Metis Global Partners LLC now owns 6,736 shares of the company’s stock valued at $603,000 after buying an additional 2,088 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Tyson Foods by 5.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,131 shares of the company’s stock valued at $3,507,000 after buying an additional 2,126 shares during the last quarter. Hedge funds and other institutional investors own 68.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TSN. StockNews.com lowered Tyson Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 13th. Barclays reduced their price objective on Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 9th. BMO Capital Markets reduced their price objective on Tyson Foods from $99.00 to $90.00 in a research report on Tuesday, August 9th. Sanford C. Bernstein reduced their price objective on Tyson Foods to $101.00 in a research report on Monday, August 15th. Finally, Stephens dropped their target price on Tyson Foods from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.13.

Tyson Foods Stock Up 1.1 %

TSN stock opened at $73.88 on Thursday. Tyson Foods, Inc. has a twelve month low of $72.18 and a twelve month high of $100.72. The company has a quick ratio of 0.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The firm has a market cap of $26.57 billion, a PE ratio of 6.64 and a beta of 0.70. The business has a 50 day moving average of $81.94 and a 200 day moving average of $86.99.

Tyson Foods (NYSE:TSNGet Rating) last posted its quarterly earnings data on Monday, August 8th. The company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.03). The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.25 billion. Tyson Foods had a net margin of 7.75% and a return on equity of 18.42%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $2.70 EPS. On average, research analysts forecast that Tyson Foods, Inc. will post 9.02 EPS for the current fiscal year.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Wednesday, November 30th. Tyson Foods’s payout ratio is 16.53%.

Tyson Foods Profile

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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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

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