Tyson Foods, Inc. (NYSE:TSN) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,081 shares of the company’s stock after acquiring an additional 7,921 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tyson Foods were worth $6,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sugarloaf Wealth Management LLC boosted its holdings in shares of Tyson Foods by 74.7% in the third quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in Tyson Foods by 501.9% during the third quarter. Manchester Capital Management LLC now owns 620 shares of the company’s stock worth $31,000 after buying an additional 517 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Tyson Foods by 47.4% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 647 shares of the company’s stock worth $35,000 after buying an additional 208 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Tyson Foods by 306.8% during the third quarter. Lindbrook Capital LLC now owns 716 shares of the company’s stock worth $36,000 after buying an additional 540 shares in the last quarter. Finally, Montag A & Associates Inc. bought a new stake in Tyson Foods during the third quarter worth approximately $39,000. 67.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TSN has been the subject of a number of research reports. Stephens restated an “overweight” rating and set a $70.00 target price on shares of Tyson Foods in a report on Tuesday, February 6th. Bank of America upgraded shares of Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price target for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. Citigroup upped their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group upped their price target on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, BMO Capital Markets upped their price target on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $58.80.

Tyson Foods Trading Up 1.8 %

TSN stock opened at $59.95 on Friday. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $63.28. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $56.12 and a two-hundred day moving average of $52.47.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $13.34 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue was up .4% compared to the same quarter last year. As a group, research analysts predict that Tyson Foods, Inc. will post 2.33 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.49 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a yield of 3.27%. Tyson Foods’s payout ratio is -79.35%.

Insiders Place Their Bets

In other news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the transaction, the director now owns 31,115 shares in the company, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.05% of the company’s stock.

Tyson Foods Company 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.