Stone Ridge Asset Management LLC bought a new stake in Tyson Foods (NYSE:TSN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,806 shares of the company’s stock, valued at approximately $1,525,000.
Other hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in shares of Tyson Foods in the fourth quarter valued at about $124,000. Horan Capital Advisors LLC. purchased a new stake in Tyson Foods during the third quarter worth about $155,000. Signaturefd LLC purchased a new stake in Tyson Foods during the fourth quarter worth about $201,000. Financial Gravity Companies Inc. purchased a new stake in Tyson Foods during the fourth quarter worth about $198,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in Tyson Foods during the fourth quarter worth about $212,000. Institutional investors own 71.37% of the company’s stock.
In other news, insider Stephen R. Stouffer sold 15,489 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $74.22, for a total transaction of $1,149,593.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gaurdie E. Jr. Banister sold 7,800 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $75.56, for a total transaction of $589,368.00. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by insiders.
A number of equities analysts have weighed in on TSN shares. KeyCorp reiterated a “buy” rating and set a $88.00 target price on shares of Tyson Foods in a research report on Thursday, December 21st. Piper Jaffray started coverage on shares of Tyson Foods in a research report on Thursday, January 4th. They set an “overweight” rating and a $94.00 target price for the company. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Saturday, January 20th. Buckingham Research started coverage on shares of Tyson Foods in a research report on Wednesday, February 21st. They issued a “neutral” rating and a $82.00 price objective for the company. Finally, Credit Suisse Group set a $78.00 price objective on shares of Tyson Foods and gave the company a “hold” rating in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $75.52.
Shares of NYSE TSN opened at $70.11 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Tyson Foods has a 52 week low of $57.20 and a 52 week high of $84.65. The firm has a market capitalization of $26,326.72, a P/E ratio of 13.20, a PEG ratio of 0.98 and a beta of 0.19.
Tyson Foods (NYSE:TSN) last issued its earnings results on Thursday, February 8th. The company reported $1.81 EPS for the quarter, topping the 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 company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the previous year, the firm earned $1.59 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. analysts anticipate that Tyson Foods will post 6.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, May 31st. Tyson Foods’s payout ratio is currently 22.60%.
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About Tyson Foods
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.
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