Andra AP fonden Acquires 24,100 Shares of Tyson Foods, Inc. $TSN

Andra AP fonden raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 89.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 51,000 shares of the company’s stock after purchasing an additional 24,100 shares during the period. Andra AP fonden’s holdings in Tyson Foods were worth $2,853,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Zions Bancorporation National Association UT purchased a new position in Tyson Foods in the first quarter worth $28,000. NewSquare Capital LLC boosted its position in shares of Tyson Foods by 175.3% in the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after purchasing an additional 326 shares in the last quarter. Matrix Trust Co grew its stake in Tyson Foods by 28,200.0% during the 2nd quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after buying an additional 564 shares during the last quarter. First Command Advisory Services Inc. grew its stake in Tyson Foods by 389.8% during the 2nd quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after buying an additional 460 shares during the last quarter. Finally, Beacon Capital Management LLC acquired a new position in Tyson Foods during the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Up 2.2%

Shares of NYSE TSN opened at $52.85 on Friday. The firm has a market cap of $18.80 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 0.85 and a beta of 0.56. The company’s 50-day simple moving average is $53.57 and its 200-day simple moving average is $55.14. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.44. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $65.95.

Tyson Foods announced that its Board of Directors has initiated a share repurchase program on Thursday, August 7th that authorizes the company to repurchase 43,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price target on the stock. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Tyson Foods in a research note on Wednesday, October 8th. Sanford C. Bernstein downgraded Tyson Foods from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $74.00 to $59.00 in a research note on Wednesday, July 23rd. Finally, BMO Capital Markets cut their price objective on Tyson Foods from $62.00 to $58.00 and set a “market perform” rating on the stock in a report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $60.92.

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.