Gulf International Bank UK Ltd cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 24.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,511 shares of the company’s stock after selling 1,486 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Tyson Foods were worth $330,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in shares of Tyson Foods during the fourth quarter worth about $124,000. Signaturefd LLC bought a new position in shares of Tyson Foods during the fourth quarter worth about $201,000. Financial Gravity Companies Inc. bought a new position in shares of Tyson Foods during the fourth quarter worth about $198,000. Kornitzer Capital Management Inc. KS bought a new position in shares of Tyson Foods during the fourth quarter worth about $212,000. Finally, Premia Global Advisors LLC bought a new position in shares of Tyson Foods during the fourth quarter worth about $214,000. Institutional investors and hedge funds own 71.61% of the company’s stock.
A number of research analysts recently issued reports on TSN shares. Zacks Investment Research downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Jefferies Group restated a “buy” rating on shares of Tyson Foods in a research note on Thursday, February 8th. Mizuho set a $92.00 price target on Tyson Foods and gave the company a “buy” rating in a research note on Friday, February 9th. Piper Jaffray Companies set a $92.00 price target on Tyson Foods and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Credit Suisse Group set a $78.00 price target on Tyson Foods and gave the company a “hold” rating in a research note on Friday, February 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $74.93.
TSN opened at $69.05 on Thursday. Tyson Foods, Inc. has a 12-month low of $57.20 and a 12-month high of $84.65. The company has a market capitalization of $24.98 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.93 and a beta of 0.20. The company has a quick ratio of 0.69, a current ratio of 1.56 and a debt-to-equity ratio of 0.73.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 7th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.04). Tyson Foods had a net margin of 6.97% and a return on equity of 19.10%. The business had revenue of $9.77 billion during the quarter, compared to analyst estimates of $9.86 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts anticipate that Tyson Foods, Inc. will post 6.62 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.74%. Tyson Foods’s payout ratio is 22.60%.
In other news, insider Stephen R. Stouffer sold 15,489 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.55% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.
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