Barrow Hanley Mewhinney & Strauss LLC cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.5% in the 4th quarter, HoldingsChannel reports. The fund owned 1,135,584 shares of the company’s stock after selling 29,570 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Tyson Foods were worth $92,062,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of TSN. BlackRock Inc. grew its stake in Tyson Foods by 10.6% in the fourth quarter. BlackRock Inc. now owns 22,658,190 shares of the company’s stock worth $1,836,900,000 after purchasing an additional 2,168,652 shares in the last quarter. Wells Fargo & Company MN grew its stake in Tyson Foods by 98.3% in the fourth quarter. Wells Fargo & Company MN now owns 4,106,832 shares of the company’s stock worth $332,940,000 after purchasing an additional 2,035,714 shares in the last quarter. Iridian Asset Management LLC CT grew its stake in Tyson Foods by 64.4% in the third quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock worth $340,488,000 after purchasing an additional 1,893,438 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Tyson Foods by 12.5% in the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after purchasing an additional 980,069 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Tyson Foods by 39.8% in the third quarter. Van ECK Associates Corp now owns 1,810,796 shares of the company’s stock worth $127,571,000 after purchasing an additional 515,680 shares in the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.
A number of equities analysts recently commented on TSN shares. Jefferies Group set a $85.00 price target on Tyson Foods and gave the stock a “buy” rating in a research note on Monday, October 30th. KeyCorp started coverage on Tyson Foods in a research note on Tuesday, October 31st. They issued an “overweight” rating and a $82.00 price target for the company. Morgan Stanley started coverage on Tyson Foods in a research note on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 price target for the company. Pivotal Research upgraded Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price target for the company in a research note on Monday, November 13th. Finally, BMO Capital Markets lifted their price target on Tyson Foods to $89.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Tyson Foods has an average rating of “Buy” and a consensus target price of $76.31.
Tyson Foods, Inc. (NYSE:TSN) opened at $76.01 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.74. Tyson Foods, Inc. has a 52 week low of $57.20 and a 52 week high of $84.65. The company has a market capitalization of $27,950.24, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 1.03 and a beta of 0.17.
Tyson Foods (NYSE:TSN) last issued its earnings results on Thursday, February 8th. The company reported $1.81 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.30. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The company had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. Tyson Foods’s quarterly revenue was up 11.4% compared to the same quarter last year. equities research analysts predict that Tyson Foods, Inc. will post 6.7 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.20 dividend on an annualized basis and a yield of 1.58%. Tyson Foods’s payout ratio is currently 15.79%.
In other news, General Counsel Bebber David L. Van sold 164,348 shares of Tyson Foods stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $83.26, for a total transaction of $13,683,614.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey K. Schomburger purchased 2,700 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost 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 90 days, insiders sold 396,342 shares of company stock valued at $32,624,994. 2.65% of the stock is currently owned by insiders.
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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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