BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 47.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,864 shares of the company’s stock after selling 111,372 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Tyson Foods were worth $8,656,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its stake in shares of Tyson Foods by 3.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 42,042 shares of the company’s stock valued at $2,962,000 after buying an additional 1,534 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Tyson Foods by 247.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 613,600 shares of the company’s stock valued at $43,410,000 after purchasing an additional 436,800 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Tyson Foods by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 27,020 shares of the company’s stock valued at $1,902,000 after purchasing an additional 944 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Tyson Foods during the third quarter valued at approximately $219,000. Finally, Invictus RG boosted its position in shares of Tyson Foods by 115.5% during the third quarter. Invictus RG now owns 4,912 shares of the company’s stock valued at $346,000 after purchasing an additional 2,633 shares in the last quarter. 71.57% of the stock is currently owned by hedge funds and other institutional investors.
Tyson Foods, Inc. (NYSE TSN) traded down $1.28 during trading on Monday, reaching $82.34. The company’s stock had a trading volume of 636,214 shares, compared to its average volume of 2,645,107. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 0.88. Tyson Foods, Inc. has a twelve month low of $57.20 and a twelve month high of $84.65. The company has a market capitalization of $30,748.58, a P/E ratio of 15.75 and a beta of 0.36.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.93 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities analysts expect that Tyson Foods, Inc. will post 5.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.46%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 28th. Tyson Foods’s payout ratio is 25.05%.
In other Tyson Foods news, General Counsel Bebber David L. Van sold 164,348 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $83.26, for a total value of $13,683,614.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott Rouse sold 1,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total value of $77,260.00. The disclosure for this sale can be found here. Insiders sold 318,893 shares of company stock worth $26,314,927 over the last three months. Corporate insiders own 2.65% of the company’s stock.
Several equities research analysts recently weighed in on the company. Fundamental Research set a C$1.82 price target on Tyson Foods and gave the company a “buy” rating in a research report on Thursday, August 17th. BidaskClub upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Mizuho restated a “buy” rating and set a $76.00 price target on shares of Tyson Foods in a research report on Monday, October 2nd. Zacks Investment Research lowered Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, Barclays lifted their price target on Tyson Foods from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $73.71.
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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.
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