MetLife Investment Advisors LLC bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 92,078 shares of the company’s stock, valued at approximately $7,465,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Cerebellum GP LLC bought a new position in shares of Tyson Foods during the 4th quarter valued at $124,000. Horan Capital Advisors LLC. bought a new position in shares of Tyson Foods during the 3rd quarter valued at $155,000. Signaturefd LLC bought a new position in shares of Tyson Foods during the 4th quarter valued at $201,000. Financial Gravity Companies Inc. bought a new position in shares of Tyson Foods during the 4th quarter valued at $198,000. Finally, Kornitzer Capital Management Inc. KS bought a new position in shares of Tyson Foods during the 4th quarter valued at $212,000. Institutional investors and hedge funds own 71.36% of the company’s stock.
In other Tyson Foods news, Director Gaurdie E. Jr. Banister sold 7,800 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $75.56, for a total value of $589,368.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen R. Stouffer sold 15,489 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $74.22, for a total value of $1,149,593.58. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by company insiders.
Tyson Foods, Inc. (NYSE TSN) opened at $72.70 on Friday. Tyson Foods, Inc. has a twelve month low of $57.20 and a twelve month high of $84.65. The company has a market capitalization of $27,117.92, a price-to-earnings ratio of 13.32, a P/E/G ratio of 1.01 and a beta of 0.20. 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 (NYSE:TSN) last announced its earnings results on Thursday, February 8th. The company reported $1.81 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $9.88 billion. During the same period last year, the firm earned $1.59 EPS. Tyson Foods’s revenue for the quarter was up 11.4% compared to the same quarter last year. analysts anticipate that Tyson Foods, Inc. will post 6.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be issued 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 1.65%. Tyson Foods’s dividend payout ratio is currently 15.79%.
Several equities analysts have recently weighed in on the company. ValuEngine raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Mizuho set a $92.00 price target on Tyson Foods and gave the company a “buy” rating in a report on Friday, February 9th. Credit Suisse Group set a $78.00 price target on Tyson Foods and gave the company a “hold” rating in a report on Friday, February 9th. Zacks Investment Research cut Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Piper Jaffray Companies set a $92.00 price target on Tyson Foods and gave the company a “buy” rating in a report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $76.87.
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Tyson Foods Company Profile
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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