Natixis cut its stake in Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 62.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,057 shares of the company’s stock after selling 135,334 shares during the quarter. Natixis’ holdings in Tyson Foods were worth $5,043,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GHP Investment Advisors Inc. grew its holdings in Tyson Foods by 79.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 372 shares of the company’s stock valued at $25,000 after buying an additional 165 shares in the last quarter. CI Investments Inc. increased its holdings in Tyson Foods by 1,002.9% during the 3rd quarter. CI Investments Inc. now owns 386 shares of the company’s stock worth $25,000 after acquiring an additional 351 shares during the period. RFP Financial Group LLC purchased a new stake in Tyson Foods in the 4th quarter worth approximately $25,000. Glass Jacobson Investment Advisors llc bought a new position in Tyson Foods in the 4th quarter valued at $26,000. Finally, Guardian Wealth Advisors LLC purchased a new position in shares of Tyson Foods during the 3rd quarter valued at $31,000. 66.64% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, CEO Donnie King purchased 10,350 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 195,478 shares of the company’s stock, valued at approximately $9,451,361.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Tyson Foods news, insider Brady J. Stewart purchased 2,040 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was bought at an average price of $48.89 per share, with a total value of $99,735.60. Following the completion of the purchase, the insider now directly owns 57,478 shares of the company’s stock, valued at approximately $2,810,099.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Donnie King purchased 10,350 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was bought at an average price of $48.35 per share, for a total transaction of $500,422.50. Following the acquisition, the chief executive officer now owns 195,478 shares of the company’s stock, valued at $9,451,361.30. The disclosure for this purchase can be found here. Insiders have bought a total of 37,890 shares of company stock valued at $1,849,118 over the last three months. 1.96% of the stock is owned by company insiders.
Tyson Foods Price Performance
Tyson Foods (NYSE:TSN – Get Rating) last announced its quarterly earnings data on Monday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.84). Tyson Foods had a net margin of 2.81% and a return on equity of 8.04%. The company had revenue of $13.13 billion for the quarter, compared to the consensus estimate of $13.62 billion. During the same period last year, the business posted $2.29 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Research analysts predict that Tyson Foods, Inc. will post 2.21 earnings per share for the current year.
Tyson Foods Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, August 31st. Tyson Foods’s dividend payout ratio (DPR) is presently 46.04%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on TSN shares. The Goldman Sachs Group lowered their price objective on Tyson Foods from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, April 20th. BMO Capital Markets dropped their price target on Tyson Foods from $66.00 to $48.00 in a research report on Tuesday, May 9th. Bank of America cut their price objective on Tyson Foods from $56.00 to $48.00 in a report on Tuesday, May 9th. Sanford C. Bernstein lowered their target price on shares of Tyson Foods from $75.00 to $64.00 in a research note on Tuesday, May 9th. Finally, Barclays cut their price target on shares of Tyson Foods from $52.00 to $50.00 in a research note on Thursday, June 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $59.89.
Tyson Foods Company 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.
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