Harvest Capital Strategies LLC trimmed its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 20.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,000 shares of the company’s stock after selling 20,000 shares during the period. Tyson Foods comprises about 1.1% of Harvest Capital Strategies LLC’s holdings, making the stock its 21st biggest holding. Harvest Capital Strategies LLC’s holdings in Tyson Foods were worth $6,486,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sciencast Management LP purchased a new stake in Tyson Foods in the 4th quarter worth about $480,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Tyson Foods by 26.3% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 107,380 shares of the company’s stock worth $8,705,000 after acquiring an additional 22,387 shares in the last quarter. Hanseatic Management Services Inc. purchased a new stake in Tyson Foods in the 4th quarter worth about $590,000. Raymond James & Associates lifted its stake in Tyson Foods by 84.5% in the 4th quarter. Raymond James & Associates now owns 140,974 shares of the company’s stock worth $11,429,000 after acquiring an additional 64,548 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in Tyson Foods by 9.1% in the 4th quarter. California State Teachers Retirement System now owns 529,037 shares of the company’s stock worth $42,889,000 after acquiring an additional 44,335 shares in the last quarter. 71.36% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on TSN. ValuEngine raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Mizuho set a $92.00 target price on Tyson Foods and gave the stock a “buy” rating in a research report on Friday, February 9th. Credit Suisse Group set a $78.00 target price on Tyson Foods and gave the stock a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Piper Jaffray Companies set a $92.00 target price on Tyson Foods and gave the stock a “buy” rating in a research report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $76.87.
Shares of TSN stock traded down $0.21 during midday trading on Wednesday, hitting $73.81. The stock had a trading volume of 774,967 shares, compared to its average volume of 2,191,813. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.51. The firm has a market cap of $27,279.84, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 1.01 and a beta of 0.20. Tyson Foods, Inc. has a fifty-two week low of $57.20 and a fifty-two week high of $84.65.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.81 EPS for the quarter, beating the Zacks’ 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 return on equity of 19.25% and a net margin of 7.15%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 EPS. analysts predict that Tyson Foods, Inc. will post 6.65 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is currently 15.79%.
In other Tyson Foods news, Director Gaurdie E. Jr. Banister sold 7,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $75.56, for a total value of $589,368.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen R. Stouffer sold 15,489 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $74.22, for a total value of $1,149,593.58. The disclosure for this sale can be found here. Insiders sold a total of 47,864 shares of company stock worth $3,728,554 in the last ninety days. Insiders own 1.55% of the company’s stock.
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Tyson Foods 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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