Glenmede Trust Co. NA trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 674,891 shares of the company’s stock after selling 4,800 shares during the quarter. Glenmede Trust Co. NA owned 0.18% of Tyson Foods worth $54,711,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. grew its holdings in Tyson Foods by 10.0% in the 3rd quarter. Prudential Financial Inc. now owns 3,107,758 shares of the company’s stock valued at $218,942,000 after buying an additional 283,327 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Tyson Foods by 12.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock valued at $621,587,000 after buying an additional 980,069 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Tyson Foods by 1.8% in the 3rd quarter. Macquarie Group Ltd. now owns 126,234 shares of the company’s stock valued at $8,893,000 after buying an additional 2,190 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Tyson Foods by 7.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 115,265 shares of the company’s stock valued at $9,345,000 after buying an additional 8,290 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Tyson Foods by 2.2% during the 3rd quarter. California Public Employees Retirement System now owns 684,456 shares of the company’s stock worth $48,220,000 after purchasing an additional 14,456 shares in the last quarter. 71.37% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on TSN shares. ValuEngine raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Credit Suisse Group set a $78.00 target price on Tyson Foods and gave the stock a “hold” rating in a report on Friday, February 9th. Zacks Investment Research lowered Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 6th. Buckingham Research started coverage on Tyson Foods in a report on Wednesday, February 21st. They set a “neutral” rating and a $82.00 target price on the stock. Finally, Jefferies Group reissued a “buy” rating on shares of Tyson Foods in a report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Tyson Foods presently has a consensus rating of “Buy” and a consensus target price of $76.87.
Shares of Tyson Foods, Inc. (NYSE:TSN) opened at $74.27 on Friday. The firm has a market capitalization of $27,132.64, a PE ratio of 13.33, a P/E/G ratio of 1.00 and a beta of 0.20. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.70. Tyson Foods, Inc. has a 12 month low of $57.20 and a 12 month 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, beating the 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%. Tyson Foods’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. equities analysts predict that Tyson Foods, Inc. will post 6.68 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is presently 15.79%.
In related news, insider Thomas P. Hayes sold 53,874 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $81.63, for a total value of $4,397,734.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey K. Schomburger acquired 2,700 shares of Tyson Foods stock in a transaction that occurred on Friday, February 9th. The stock was 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. Insiders sold 86,249 shares of company stock worth $6,976,695 over the last ninety days. 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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