Zurcher Kantonalbank Zurich Cantonalbank Purchases 3,901 Shares of Tyson Foods, Inc. (NYSE:TSN)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,889 shares of the company’s stock after acquiring an additional 3,901 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tyson Foods were worth $6,622,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Arkadios Wealth Advisors raised its holdings in Tyson Foods by 7.3% in the second quarter. Arkadios Wealth Advisors now owns 16,084 shares of the company’s stock worth $919,000 after purchasing an additional 1,088 shares in the last quarter. 1834 Investment Advisors Co. raised its holdings in Tyson Foods by 2.5% in the second quarter. 1834 Investment Advisors Co. now owns 45,526 shares of the company’s stock worth $2,601,000 after purchasing an additional 1,116 shares in the last quarter. Simmons Bank raised its holdings in Tyson Foods by 5.8% in the second quarter. Simmons Bank now owns 54,455 shares of the company’s stock worth $3,112,000 after purchasing an additional 2,983 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Tyson Foods by 77.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 385,194 shares of the company’s stock worth $22,010,000 after acquiring an additional 167,715 shares during the last quarter. Finally, Bristlecone Advisors LLC increased its holdings in shares of Tyson Foods by 1.9% during the second quarter. Bristlecone Advisors LLC now owns 16,977 shares of the company’s stock valued at $970,000 after acquiring an additional 321 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the subject of several research analyst reports. Barclays increased their price objective on shares of Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. BMO Capital Markets raised their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. Bank of America reduced their price target on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Finally, StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.00.

Tyson Foods Trading Down 0.4 %

TSN traded down $0.27 on Friday, hitting $63.89. The company had a trading volume of 363,765 shares, compared to its average volume of 2,550,872. The firm has a market cap of $22.73 billion, a P/E ratio of -35.93, a PEG ratio of 0.44 and a beta of 0.74. Tyson Foods, Inc. has a 1 year low of $44.94 and a 1 year high of $65.71. The company’s fifty day moving average price is $59.83 and its 200 day moving average price is $58.17. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. The firm had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.21 billion. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. Tyson Foods’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. As a group, equities analysts expect that Tyson Foods, Inc. will post 2.82 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio is currently -110.11%.

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.