Czech National Bank reduced its stake in Tyson Foods, Inc. (NYSE:TSN – Free Report) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,647 shares of the company’s stock after selling 261 shares during the quarter. Czech National Bank’s holdings in Tyson Foods were worth $1,996,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Ensign Peak Advisors Inc raised its holdings in Tyson Foods by 3.9% in the 3rd quarter. Ensign Peak Advisors Inc now owns 751,311 shares of the company’s stock valued at $49,534,000 after acquiring an additional 28,014 shares during the period. Sunbelt Securities Inc. bought a new position in shares of Tyson Foods during the fourth quarter worth approximately $349,000. Toronto Dominion Bank increased its holdings in shares of Tyson Foods by 5.5% during the fourth 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 during the period. Qsemble Capital Management LP bought a new position in shares of Tyson Foods during the fourth quarter worth approximately $461,000. Finally, Wesbanco Bank Inc. increased its holdings in shares of Tyson Foods by 17.3% during the fourth quarter. Wesbanco Bank Inc. now owns 9,604 shares of the company’s stock worth $598,000 after purchasing an additional 1,419 shares during the period. 64.09% of the stock is owned by institutional investors.
Insider Activity
In other news, EVP Johanna Soderstrom bought 5,000 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average price of $49.22 per share, with a total value of $246,100.00. Following the completion of the purchase, the executive vice president now directly owns 32,847 shares of the company’s stock, valued at $1,616,729.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Johanna Soderstrom bought 5,000 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average price of $49.22 per share, with a total value of $246,100.00. Following the completion of the purchase, the executive vice president now directly owns 32,847 shares of the company’s stock, valued at $1,616,729.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brady J. Stewart bought 2,040 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were purchased at an average cost of $48.89 per share, with a total value of $99,735.60. Following the purchase, the insider now directly owns 57,478 shares of the company’s stock, valued at $2,810,099.42. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 37,890 shares of company stock valued at $1,849,118. Insiders own 1.96% of the company’s stock.
Analysts Set New Price Targets
Tyson Foods Stock Performance
Shares of Tyson Foods stock opened at $50.69 on Friday. Tyson Foods, Inc. has a fifty-two week low of $47.11 and a fifty-two week high of $88.76. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 0.63. The firm has a market capitalization of $18.03 billion, a P/E ratio of 12.16 and a beta of 0.76. The company’s 50 day moving average price is $52.72 and its two-hundred day moving average price is $58.42.
Tyson Foods (NYSE:TSN – Free Report) last released its quarterly earnings results on Monday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.84). The business had revenue of $13.13 billion for the quarter, compared to the consensus estimate of $13.62 billion. Tyson Foods had a net margin of 2.81% and a return on equity of 8.04%. Tyson Foods’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $2.29 EPS. On average, equities analysts forecast that Tyson Foods, Inc. will post 1.48 earnings per share for the current fiscal year.
Tyson Foods Announces Dividend
The firm also recently declared 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 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, August 31st. Tyson Foods’s payout ratio is currently 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.
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