Kessler Investment Group LLC reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 44.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 675 shares of the company’s stock after selling 530 shares during the quarter. Kessler Investment Group LLC’s holdings in Tyson Foods were worth $36,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in TSN. Cognios Capital LLC raised its position in shares of Tyson Foods by 11.0% in the 2nd quarter. Cognios Capital LLC now owns 36,928 shares of the company’s stock valued at $2,542,000 after purchasing an additional 3,657 shares during the last quarter. FMR LLC raised its position in Tyson Foods by 12.1% during the 2nd quarter. FMR LLC now owns 3,990,894 shares of the company’s stock worth $274,773,000 after buying an additional 430,422 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Tyson Foods by 28.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 43,692 shares of the company’s stock worth $3,009,000 after buying an additional 9,674 shares during the last quarter. BB&T Securities LLC raised its position in Tyson Foods by 73.4% during the 2nd quarter. BB&T Securities LLC now owns 10,889 shares of the company’s stock worth $749,000 after buying an additional 4,608 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in Tyson Foods by 20.0% during the 2nd quarter. Voya Investment Management LLC now owns 454,609 shares of the company’s stock worth $31,301,000 after buying an additional 75,763 shares during the last quarter. 68.42% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Robert C. Thurber sold 500 shares of Tyson Foods stock in a transaction on Monday, December 17th. The shares were sold at an average price of $54.45, for a total value of $27,225.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gaurdie E. Jr. Banister purchased 6,897 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was bought at an average cost of $58.01 per share, for a total transaction of $400,094.97. The disclosure for this purchase can be found here. 1.69% of the stock is owned by insiders.
A number of equities analysts have issued reports on TSN shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $60.00 price target on shares of Tyson Foods in a research report on Tuesday, December 11th. Mizuho set a $82.00 price target on shares of Tyson Foods and gave the stock a “buy” rating in a research report on Monday, September 17th. Vertical Group raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Thursday. ValuEngine raised shares of Tyson Foods from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 9th. Finally, Standpoint Research started coverage on shares of Tyson Foods in a research report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price target for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.93.
Shares of NYSE:TSN traded up $0.66 during trading on Friday, hitting $58.22. 46,728 shares of the stock traded hands, compared to its average volume of 3,010,029. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.43. The firm has a market cap of $20.65 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.87 and a beta of 0.26. Tyson Foods, Inc. has a 52-week low of $49.77 and a 52-week high of $81.51.
Tyson Foods (NYSE:TSN) last posted its earnings results on Tuesday, November 13th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.25. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.30 billion. Tyson Foods had a net margin of 7.55% and a return on equity of 18.39%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. On average, sell-side analysts anticipate that Tyson Foods, Inc. will post 5.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.58%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, February 28th. Tyson Foods’s payout ratio is 24.35%.
Tyson Foods Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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