National Pension Service grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 280,018 shares of the company’s stock after buying an additional 5,810 shares during the quarter. National Pension Service owned 0.08% of Tyson Foods worth $22,701,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Sun Life Financial INC increased its position in shares of Tyson Foods by 21,000.0% during the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after purchasing an additional 2,100 shares in the last quarter. Stevens First Principles Investment Advisors acquired a new stake in shares of Tyson Foods during the 3rd quarter worth about $141,000. Archford Capital Strategies LLC increased its position in shares of Tyson Foods by 27,492.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock worth $149,000 after purchasing an additional 3,574 shares in the last quarter. Horan Capital Advisors LLC. acquired a new stake in shares of Tyson Foods during the 3rd quarter worth about $155,000. Finally, Cadence Bank NA acquired a new stake in shares of Tyson Foods during the 3rd quarter worth about $200,000. Institutional investors own 71.09% of the company’s stock.
Shares of Tyson Foods, Inc. (NYSE TSN) traded up $0.95 during midday trading on Friday, hitting $74.87. 3,666,475 shares of the stock traded hands, compared to its average volume of 2,200,000. The company has a market cap of $27,500.00, a price-to-earnings ratio of 9.77 and a beta of 0.17. The company has a quick ratio of 0.75, a current ratio of 1.51 and a debt-to-equity ratio of 0.74. Tyson Foods, Inc. has a one year low of $57.20 and a one year high of $84.65.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.81 earnings per share 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 business had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter last year, the firm earned $1.59 EPS. Tyson Foods’s quarterly revenue was up 11.4% compared to the same quarter last year. equities research analysts expect that Tyson Foods, Inc. will post 6.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.30 per share. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.20 annualized dividend and a yield of 1.60%. Tyson Foods’s dividend payout ratio (DPR) is presently 15.67%.
In related news, SVP Curt Calaway sold 21,200 shares of Tyson Foods stock in a transaction that occurred 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 document filed with the SEC, which is accessible through this hyperlink. Also, CFO Dennis Leatherby sold 115,293 shares of Tyson Foods stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $82.09, for a total transaction of $9,464,402.37. The disclosure for this sale can be found here. Insiders have sold a total of 397,342 shares of company stock worth $32,702,254 in the last three months. 2.65% of the stock is owned by insiders.
A number of equities research analysts recently issued reports on TSN shares. Jefferies Group set a $85.00 target price on shares of Tyson Foods and gave the stock a “buy” rating in a research report on Monday, October 30th. KeyCorp started coverage on shares of Tyson Foods in a research report on Tuesday, October 31st. They set an “overweight” rating and a $82.00 target price for the company. Morgan Stanley initiated coverage on shares of Tyson Foods in a research report on Friday, November 3rd. They set an “equal weight” rating and a $76.00 target price for the company. Pivotal Research upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a research report on Monday, November 13th. Finally, BMO Capital Markets raised their price objective on shares of Tyson Foods to $89.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $76.67.
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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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