CX Institutional acquired a new stake in Tyson Foods, Inc. (NYSE:TSN – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 71,258 shares of the company’s stock, valued at approximately $4,232,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of Tyson Foods in the fourth quarter worth about $349,000. Toronto Dominion Bank grew its stake in Tyson Foods by 5.5% during the 4th quarter. Toronto Dominion Bank now owns 158,730 shares of the company’s stock worth $9,875,000 after purchasing an additional 8,221 shares in the last quarter. Qsemble Capital Management LP purchased a new stake in Tyson Foods during the 4th quarter worth about $461,000. CENTRAL TRUST Co lifted its holdings in Tyson Foods by 14.1% during the 1st quarter. CENTRAL TRUST Co now owns 15,651 shares of the company’s stock worth $928,000 after buying an additional 1,931 shares during the last quarter. Finally, Laffer Tengler Investments lifted its holdings in Tyson Foods by 7,777.8% during the 4th quarter. Laffer Tengler Investments now owns 2,127 shares of the company’s stock worth $132,000 after buying an additional 2,100 shares during the last quarter. Institutional investors own 64.09% of the company’s stock.
Analysts Set New Price Targets
TSN has been the subject of a number of recent analyst reports. Bank of America decreased their price target on Tyson Foods from $56.00 to $48.00 in a report on Tuesday, May 9th. BMO Capital Markets reduced their target price on Tyson Foods from $66.00 to $48.00 in a report on Tuesday, May 9th. Barclays reduced their target price on Tyson Foods from $52.00 to $50.00 in a report on Thursday, June 1st. The Goldman Sachs Group reduced their target price on Tyson Foods from $66.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, April 20th. Finally, Sanford C. Bernstein reduced their target price on Tyson Foods from $75.00 to $64.00 in a report on Tuesday, May 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $59.89.
Insider Activity
In related news, insider Brady J. Stewart acquired 2,040 shares of Tyson Foods stock in a transaction dated Tuesday, May 9th. The shares were acquired at an average cost of $48.89 per share, for a total transaction of $99,735.60. Following the completion of the transaction, the insider now directly owns 57,478 shares of the company’s stock, valued at $2,810,099.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Brady J. Stewart acquired 2,040 shares of Tyson Foods stock in a transaction dated Tuesday, May 9th. The shares were acquired at an average cost of $48.89 per share, for a total transaction of $99,735.60. Following the completion of the transaction, the insider now directly owns 57,478 shares of the company’s stock, valued at $2,810,099.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Donnie King bought 10,350 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average price of $48.35 per share, with a total value of $500,422.50. Following the completion of the purchase, the chief executive officer now directly owns 195,478 shares of the company’s stock, valued at approximately $9,451,361.30. The disclosure for this purchase can be found here. Insiders have purchased 37,890 shares of company stock worth $1,849,118 over the last three months. 1.96% of the stock is currently owned by corporate insiders.
Tyson Foods Stock Performance
Shares of NYSE:TSN traded down $0.26 during trading on Tuesday, reaching $55.46. The company had a trading volume of 932,194 shares, compared to its average volume of 3,362,087. The stock’s fifty day moving average price is $51.63 and its 200 day moving average price is $56.76. Tyson Foods, Inc. has a fifty-two week low of $47.11 and a fifty-two week high of $88.49. The firm has a market capitalization of $19.72 billion, a price-to-earnings ratio of 13.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 0.63.
Tyson Foods (NYSE:TSN – Get Free Report) last announced its quarterly earnings data on Monday, May 8th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.84). Tyson Foods had a return on equity of 8.04% and a net margin of 2.81%. The business had revenue of $13.13 billion for the quarter, compared to analyst estimates of $13.62 billion. During the same period in the prior year, the company earned $2.29 EPS. The company’s revenue was up .1% on a year-over-year basis. As a group, equities research analysts predict that Tyson Foods, Inc. will post 1.45 EPS for the current year.
Tyson Foods Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.46%. Tyson Foods’s payout ratio is 46.04%.
Tyson Foods Profile
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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.