Foundation Resource Management Inc. trimmed its stake in Tyson Foods, Inc. (NYSE:TSN) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,513 shares of the company’s stock after selling 1,631 shares during the quarter. Foundation Resource Management Inc.’s holdings in Tyson Foods were worth $933,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its holdings in shares of Tyson Foods by 10.0% in the third quarter. Prudential Financial Inc. now owns 3,107,758 shares of the company’s stock worth $218,942,000 after acquiring an additional 283,327 shares during the last quarter. Atlantic Trust Group LLC increased its stake in Tyson Foods by 28.4% in the third quarter. Atlantic Trust Group LLC now owns 22,451 shares of the company’s stock valued at $1,582,000 after purchasing an additional 4,963 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Tyson Foods by 7.3% in the third quarter. Parametric Portfolio Associates LLC now owns 1,283,400 shares of the company’s stock valued at $90,416,000 after purchasing an additional 86,849 shares during the last quarter. Sage Capital Advisors llc increased its stake in Tyson Foods by 21.8% in the third quarter. Sage Capital Advisors llc now owns 38,031 shares of the company’s stock valued at $2,679,000 after purchasing an additional 6,809 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Tyson Foods by 3.3% in the third quarter. Public Employees Retirement System of Ohio now owns 121,454 shares of the company’s stock valued at $8,556,000 after purchasing an additional 3,868 shares during the last quarter. 71.18% of the stock is owned by institutional investors.
Several equities analysts recently commented on the company. Jefferies Group set a $85.00 target price on Tyson Foods and gave the company a “buy” rating in a research note on Monday, October 30th. ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Zacks Investment Research lowered Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 6th. upgraded Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 target price for the company in a research note on Wednesday, November 15th. Finally, Pivotal Research upgraded Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 target price for the company in a research note on Monday, November 13th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $75.67.
In related news, insider Scott Rouse sold 1,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $77.26, for a total value of $77,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen R. Stouffer sold 7,754 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $79.55, for a total value of $616,830.70. The disclosure for this sale can be found here. Insiders sold 397,342 shares of company stock valued at $32,702,254 in the last ninety days. Company insiders own 2.65% of the company’s stock.
Shares of Tyson Foods, Inc. (TSN) traded down $0.35 during midday trading on Thursday, hitting $75.76. The stock had a trading volume of 2,619,945 shares, compared to its average volume of 1,940,000. Tyson Foods, Inc. has a 52 week low of $57.20 and a 52 week high of $84.65. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.55 and a quick ratio of 0.75. The stock has a market capitalization of $27,830.00, a P/E ratio of 15.82 and a beta of 0.36.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, November 13th. The company reported $1.43 earnings per share 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 company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.93 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The company’s revenue was up 10.8% compared to the same quarter last year. sell-side analysts expect that Tyson Foods, Inc. will post 5.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.30 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.58%. Tyson Foods’s dividend payout ratio is presently 25.05%.
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About Tyson Foods
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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