Amica Mutual Insurance Co. trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 46.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,711 shares of the company’s stock after selling 10,270 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Tyson Foods were worth $949,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brown Advisory Inc. grew its holdings in Tyson Foods by 12.7% during the 4th quarter. Brown Advisory Inc. now owns 15,992 shares of the company’s stock worth $1,297,000 after acquiring an additional 1,805 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in shares of Tyson Foods by 10.7% in the 4th quarter. State of Tennessee Treasury Department now owns 979,848 shares of the company’s stock valued at $79,435,000 after purchasing an additional 94,957 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of Tyson Foods in the 4th quarter valued at $219,000. FDx Advisors Inc. boosted its stake in shares of Tyson Foods by 14.3% in the 4th quarter. FDx Advisors Inc. now owns 18,851 shares of the company’s stock valued at $1,528,000 after purchasing an additional 2,359 shares during the last quarter. Finally, ARP Americas LP bought a new stake in shares of Tyson Foods in the 4th quarter valued at $722,000. 69.60% of the stock is currently owned by hedge funds and other institutional investors.
Tyson Foods, Inc. (NYSE TSN) opened at $74.69 on Friday. The stock has a market cap of $27,440.00, a price-to-earnings ratio of 15.12, a P/E/G ratio of 1.04 and a beta of 0.17. Tyson Foods, Inc. has a 12 month low of $57.20 and a 12 month high of $84.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.51.
Tyson Foods (NYSE:TSN) last issued its earnings results on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.30. The business had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.88 billion. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. Tyson Foods’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 earnings per share. analysts predict that Tyson Foods, Inc. will post 6.68 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, May 31st. Tyson Foods’s dividend payout ratio is presently 24.29%.
In other Tyson Foods news, SVP Curt Calaway sold 21,200 shares of the company’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 SEC, which is accessible through this hyperlink. Also, Director Jeffrey K. Schomburger acquired 2,700 shares of the stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $74.83 per share, for a total transaction of $202,041.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 396,388 shares of company stock worth $32,597,531. 2.65% of the stock is owned by insiders.
A number of equities research analysts have recently commented on TSN shares. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Saturday, January 20th. KeyCorp reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Tyson Foods in a research note on Thursday, December 21st. Argus raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Wednesday, November 15th. ValuEngine raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Finally, Jefferies Group set a $85.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a research note on Monday, October 30th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Tyson Foods currently has an average rating of “Buy” and a consensus price target of $76.87.
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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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