Synovus Financial Corp trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,375 shares of the company’s stock after selling 686 shares during the quarter. Synovus Financial Corp’s holdings in Tyson Foods were worth $1,249,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. BlackRock Inc. grew its holdings in Tyson Foods by 10.6% in the fourth quarter. BlackRock Inc. now owns 22,658,190 shares of the company’s stock worth $1,836,900,000 after purchasing an additional 2,168,652 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Tyson Foods by 12.5% in the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after purchasing an additional 980,069 shares during the last quarter. Iridian Asset Management LLC CT grew its holdings in Tyson Foods by 13.0% in the fourth quarter. Iridian Asset Management LLC CT now owns 5,462,289 shares of the company’s stock worth $442,828,000 after purchasing an additional 629,241 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Tyson Foods by 98.3% in the fourth quarter. Wells Fargo & Company MN now owns 4,106,832 shares of the company’s stock worth $332,940,000 after purchasing an additional 2,035,714 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Tyson Foods by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,028,728 shares of the company’s stock worth $283,668,000 after purchasing an additional 14,313 shares during the last quarter. 69.60% of the stock is currently owned by institutional investors.
Several research firms have issued reports on TSN. Buckingham Research began coverage on shares of Tyson Foods in a report on Wednesday. They issued a “neutral” rating and a $82.00 price target on the stock. Mizuho set a $92.00 price target on shares of Tyson Foods and gave the stock a “buy” rating in a report on Friday, February 9th. Jefferies Group reaffirmed a “buy” rating on shares of Tyson Foods in a report on Thursday, February 8th. Piper Jaffray Companies set a $92.00 price target on shares of Tyson Foods and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Monday, February 12th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $76.87.
In related news, SVP Curt Calaway sold 21,200 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $81.01, for a total transaction of $1,717,412.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Bebber David L. Van sold 164,348 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $83.26, for a total transaction of $13,683,614.48. The disclosure for this sale can be found here. Insiders have sold 396,388 shares of company stock valued at $32,597,531 over the last quarter. Insiders own 2.65% of the company’s stock.
Shares of Tyson Foods, Inc. (TSN) opened at $75.00 on Thursday. Tyson Foods, Inc. has a one year low of $57.20 and a one year high of $84.65. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The company has a market cap of $28,015.84, a price-to-earnings ratio of 9.92, a PEG ratio of 1.04 and a beta of 0.17.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.30. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. research analysts predict that Tyson Foods, Inc. will post 6.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, May 31st. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. Tyson Foods’s payout ratio is currently 15.79%.
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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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