Tyson Foods, Inc. (TSN) Position Trimmed by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 22.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,616 shares of the company’s stock after selling 2,448 shares during the period. Daiwa Securities Group Inc.’s holdings in Tyson Foods were worth $698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TSN. OxFORD Asset Management LLP acquired a new position in Tyson Foods during the second quarter worth $232,000. Stifel Financial Corp increased its holdings in Tyson Foods by 63.9% during the second quarter. Stifel Financial Corp now owns 5,434 shares of the company’s stock worth $341,000 after buying an additional 2,119 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in Tyson Foods by 1.0% during the second quarter. Lord Abbett & CO. LLC now owns 242,500 shares of the company’s stock worth $15,188,000 after buying an additional 2,300 shares during the last quarter. Shell Asset Management Co. increased its holdings in Tyson Foods by 129.0% during the third quarter. Shell Asset Management Co. now owns 41,888 shares of the company’s stock worth $1,649,000 after buying an additional 23,600 shares during the last quarter. Finally, PGGM Investments increased its holdings in Tyson Foods by 3.9% during the third quarter. PGGM Investments now owns 444,125 shares of the company’s stock worth $31,289,000 after buying an additional 16,681 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

TSN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Saturday, January 20th. KeyCorp restated a “buy” rating and set a $88.00 target price on shares of Tyson Foods in a report on Thursday, December 21st. Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Wednesday, November 15th. ValuEngine upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, November 20th. Finally, Jefferies Group set a $85.00 target price on shares of Tyson Foods and gave the stock a “buy” rating in a report on Monday, October 30th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Tyson Foods has an average rating of “Buy” and a consensus price target of $76.31.

In other news, insider Thomas P. Hayes sold 53,874 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $81.63, for a total value of $4,397,734.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen R. Stouffer sold 7,754 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $79.55, for a total transaction of $616,830.70. The disclosure for this sale can be found here. In the last three months, insiders sold 396,342 shares of company stock valued at $32,624,994. 2.65% of the stock is currently owned by company insiders.

Tyson Foods, Inc. (NYSE:TSN) opened at $76.01 on Friday. The company has a market cap of $27,920.00, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.03 and a beta of 0.17. Tyson Foods, Inc. has a fifty-two week low of $57.20 and a fifty-two week high of $84.65. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.70.

Tyson Foods (NYSE:TSN) last announced its earnings results on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.30. The company had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $9.88 billion. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. Tyson Foods’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.59 earnings per share. equities research analysts predict that Tyson Foods, Inc. will post 6.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.58%. Tyson Foods’s payout ratio is presently 24.29%.

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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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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