Meeder Asset Management Inc. lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 13.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,595 shares of the company’s stock after selling 4,933 shares during the quarter. Meeder Asset Management Inc.’s holdings in Tyson Foods were worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blueshift Asset Management LLC purchased a new stake in shares of Tyson Foods during the fourth quarter worth approximately $1,174,000. DNB Asset Management AS raised its stake in shares of Tyson Foods by 24.1% during the first quarter. DNB Asset Management AS now owns 80,875 shares of the company’s stock worth $5,615,000 after purchasing an additional 15,722 shares during the last quarter. Machina Capital S.A.S. purchased a new stake in shares of Tyson Foods during the fourth quarter worth approximately $227,000. Macquarie Group Ltd. raised its stake in shares of Tyson Foods by 1.3% during the fourth quarter. Macquarie Group Ltd. now owns 252,908 shares of the company’s stock worth $13,505,000 after purchasing an additional 3,332 shares during the last quarter. Finally, OLD Second National Bank of Aurora raised its stake in shares of Tyson Foods by 146.4% during the fourth quarter. OLD Second National Bank of Aurora now owns 40,762 shares of the company’s stock worth $2,176,000 after purchasing an additional 24,220 shares during the last quarter. Institutional investors own 70.28% of the company’s stock.
Shares of TSN stock opened at $72.06 on Wednesday. Tyson Foods, Inc. has a 1-year low of $49.77 and a 1-year high of $72.42. The firm has a market cap of $26.14 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 1.34 and a beta of 0.48. The company has a current ratio of 0.85, a quick ratio of 0.34 and a debt-to-equity ratio of 0.61.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Thursday, February 7th. The company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.03. Tyson Foods had a return on equity of 17.25% and a net margin of 4.86%. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the company posted $1.81 earnings per share. Tyson Foods’s quarterly revenue was down .4% on a year-over-year basis. Equities analysts predict that Tyson Foods, Inc. will post 5.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Thursday, May 30th. Tyson Foods’s dividend payout ratio is presently 24.35%.
Several research firms have recently commented on TSN. Zacks Investment Research cut Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 11th. ValuEngine upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Jefferies Financial Group restated a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research note on Sunday, February 17th. Vertical Group upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Finally, Stephens began coverage on Tyson Foods in a research note on Monday, March 4th. They set an “overweight” rating and a $62.26 price target for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $70.95.
In other Tyson Foods news, EVP Scott Rouse sold 2,500 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $64.22, for a total value of $160,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chad Roderick Martin sold 8,233 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $62.36, for a total value of $513,409.88. The disclosure for this sale can be found here. Corporate insiders own 1.69% of the company’s stock.
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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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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