Chemical Bank reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.8% during the 1st quarter, HoldingsChannel reports. The fund owned 29,014 shares of the company’s stock after selling 1,460 shares during the quarter. Chemical Bank’s holdings in Tyson Foods were worth $2,015,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in TSN. Federated Investors Inc. PA boosted its holdings in shares of Tyson Foods by 1,477.9% in the 3rd quarter. Federated Investors Inc. PA now owns 250,291 shares of the company’s stock worth $14,899,000 after purchasing an additional 234,429 shares in the last quarter. DNB Asset Management AS boosted its holdings in shares of Tyson Foods by 47.8% in the 4th quarter. DNB Asset Management AS now owns 65,153 shares of the company’s stock worth $3,479,000 after purchasing an additional 21,059 shares in the last quarter. BKD Wealth Advisors LLC boosted its holdings in shares of Tyson Foods by 14.0% in the 4th quarter. BKD Wealth Advisors LLC now owns 6,649 shares of the company’s stock worth $355,000 after purchasing an additional 814 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Tyson Foods by 1.6% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 16,166 shares of the company’s stock worth $863,000 after purchasing an additional 250 shares in the last quarter. Finally, Legacy Private Trust Co. boosted its holdings in shares of Tyson Foods by 26.5% in the 4th quarter. Legacy Private Trust Co. now owns 15,825 shares of the company’s stock worth $845,000 after purchasing an additional 3,317 shares in the last quarter. Hedge funds and other institutional investors own 71.36% of the company’s stock.
In related news, insider Chad Roderick Martin sold 8,233 shares of the stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $62.36, for a total transaction of $513,409.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mary Oleksiuk sold 44,967 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $77.09, for a total value of $3,466,506.03. The disclosure for this sale can be found here. Insiders have sold a total of 145,490 shares of company stock valued at $11,139,298 over the last 90 days. 1.69% of the stock is currently owned by company insiders.
TSN stock traded up $0.79 during trading on Wednesday, hitting $82.36. 19,380 shares of the company traded hands, compared to its average volume of 2,558,170. The stock has a market capitalization of $29.04 billion, a PE ratio of 13.29, a P/E/G ratio of 1.49 and a beta of 0.51. Tyson Foods, Inc. has a 1 year low of $49.77 and a 1 year high of $82.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.38 and a quick ratio of 0.54.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 6th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.08. The company had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.25 billion. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. Tyson Foods’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.27 EPS. Analysts anticipate that Tyson Foods, Inc. will post 5.95 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, August 29th. Tyson Foods’s dividend payout ratio is presently 24.35%.
A number of equities analysts have recently issued reports on the company. ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday. Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday. Credit Suisse Group upgraded Tyson Foods from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $74.00 to $96.00 in a report on Tuesday. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Wednesday, May 8th. Finally, Barclays upped their price objective on Tyson Foods from $73.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $77.94.
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About Tyson Foods
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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