APG Asset Management N.V. Lowers Position in Tyson Foods, Inc. (TSN)

APG Asset Management N.V. Lowers Position in Tyson Foods, Inc. (TSN)

APG Asset Management N.V. reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,432,280 shares of the company’s stock after selling 23,900 shares during the period. APG Asset Management N.V. owned approximately 0.93% of Tyson Foods worth $211,806,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp increased its position in Tyson Foods by 5.2% in the fourth quarter. State Street Corp now owns 13,884,097 shares of the company’s stock valued at $856,371,000 after buying an additional 688,708 shares during the period. AQR Capital Management LLC increased its position in Tyson Foods by 13.5% in the fourth quarter. AQR Capital Management LLC now owns 8,646,954 shares of the company’s stock valued at $533,344,000 after buying an additional 1,025,423 shares during the period. Iridian Asset Management LLC CT increased its position in Tyson Foods by 16.3% in the fourth quarter. Iridian Asset Management LLC CT now owns 6,739,847 shares of the company’s stock valued at $415,714,000 after buying an additional 943,331 shares during the period. Janus Capital Management LLC increased its position in Tyson Foods by 18.2% in the fourth quarter. Janus Capital Management LLC now owns 4,136,614 shares of the company’s stock valued at $255,146,000 after buying an additional 636,014 shares during the period. Finally, Allianz Asset Management AG increased its position in Tyson Foods by 11.7% in the fourth quarter. Allianz Asset Management AG now owns 3,336,109 shares of the company’s stock valued at $205,770,000 after buying an additional 348,317 shares during the period. Institutional investors and hedge funds own 69.64% of the company’s stock.

Shares of Tyson Foods, Inc. (NYSE:TSN) traded up 0.57% during midday trading on Friday, reaching $63.33. 2,772,790 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $63.18 and a 200 day moving average price of $63.65. The company has a market cap of $23.25 billion, a P/E ratio of 12.78 and a beta of 0.17. Tyson Foods, Inc. has a 12 month low of $55.72 and a 12 month high of $77.05.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, February 6th. The company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.33. Tyson Foods had a return on equity of 19.03% and a net margin of 5.15%. The company earned $9.18 billion during the quarter, compared to analyst estimates of $9.04 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. Tyson Foods’s revenue was up .3% on a year-over-year basis. Equities research analysts forecast that Tyson Foods, Inc. will post $5.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, May 30th. Tyson Foods’s payout ratio is 12.07%.

Several equities analysts recently commented on TSN shares. Royal Bank of Canada restated a “sector perform” rating and issued a $68.00 price target on shares of Tyson Foods in a research note on Tuesday, February 7th. Jefferies Group LLC restated a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a research note on Monday, April 3rd. Vetr downgraded shares of Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $72.50 price target on the stock. in a research note on Thursday, February 2nd. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Thursday, April 27th. Finally, Argus downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, March 16th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Tyson Foods presently has an average rating of “Hold” and a consensus price target of $70.85.

In other news, COO Noel W. White sold 116,678 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $62.44, for a total transaction of $7,285,374.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.65% of the stock is currently owned by insiders.

Tyson Foods Company Profile

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).

Related posts

Leave a Comment