Beacon Financial Group lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 14.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,793 shares of the company’s stock after selling 793 shares during the period. Beacon Financial Group’s holdings in Tyson Foods were worth $295,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. State Street Corp raised its position in Tyson Foods by 5.2% in the fourth quarter. State Street Corp now owns 13,884,097 shares of the company’s stock worth $856,371,000 after buying an additional 688,708 shares during the last quarter. AQR Capital Management LLC raised its position in Tyson Foods by 13.5% in the fourth quarter. AQR Capital Management LLC now owns 8,646,954 shares of the company’s stock worth $533,344,000 after buying an additional 1,025,423 shares during the last quarter. Iridian Asset Management LLC CT raised its position in Tyson Foods by 16.3% in the fourth quarter. Iridian Asset Management LLC CT now owns 6,739,847 shares of the company’s stock worth $415,714,000 after buying an additional 943,331 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Tyson Foods by 3.1% in the third quarter. BlackRock Fund Advisors now owns 5,158,473 shares of the company’s stock valued at $385,183,000 after buying an additional 155,086 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Tyson Foods by 0.7% in the third quarter. Northern Trust Corp now owns 4,654,761 shares of the company’s stock valued at $347,571,000 after buying an additional 30,414 shares in the last quarter. Institutional investors own 69.64% of the company’s stock.
Tyson Foods, Inc. (NYSE:TSN) traded up 1.14% during midday trading on Thursday, reaching $65.37. The company’s stock had a trading volume of 1,494,956 shares. The stock has a market cap of $24.00 billion, a price-to-earnings ratio of 13.19 and a beta of 0.17. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $77.05. The stock’s 50 day moving average price is $62.72 and its 200-day moving average price is $64.28.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, February 6th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.33. Tyson Foods had a net margin of 5.15% and a return on equity of 19.03%. The company had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.04 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts forecast that Tyson Foods, Inc. will post $5.00 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 12.07%.
Several brokerages have recently issued reports on TSN. Vetr raised Tyson Foods from a “buy” rating to a “strong-buy” rating and set a $69.69 target price for the company in a research report on Wednesday, December 28th. Zacks Investment Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a research report on Monday, April 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $68.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 7th. Finally, Argus downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, March 16th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $71.68.
In other Tyson Foods news, COO Noel W. White sold 116,678 shares of the company’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $62.44, for a total value of $7,285,374.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.65% of the stock is owned by corporate insiders.
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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