Fulton Bank N.A. boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 14.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,235 shares of the company’s stock after purchasing an additional 3,020 shares during the period. Fulton Bank N.A.’s holdings in Tyson Foods were worth $1,727,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JJJ Advisors Inc. boosted its position in Tyson Foods by 360.5% during the fourth quarter. JJJ Advisors Inc. now owns 396 shares of the company’s stock valued at $26,000 after purchasing an additional 310 shares during the last quarter. Childress Capital Advisors LLC acquired a new stake in Tyson Foods during the fourth quarter valued at $26,000. Cowa LLC acquired a new stake in Tyson Foods during the fourth quarter valued at $30,000. RWM Asset Management LLC bought a new position in Tyson Foods during the fourth quarter valued at about $33,000. Finally, Alpha Paradigm Partners LLC bought a new position in Tyson Foods during the fourth quarter valued at about $40,000. 63.65% of the stock is owned by hedge funds and other institutional investors.
TSN stock traded down $0.67 during trading on Thursday, reaching $75.05. 920 shares of the stock were exchanged, compared to its average volume of 2,289,913. Tyson Foods, Inc. has a twelve month low of $54.28 and a twelve month high of $78.14. The company has a market capitalization of $27.39 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 3.58 and a beta of 0.76. The stock has a 50 day simple moving average of $72.73 and a 200-day simple moving average of $65.42. The company has a current ratio of 1.86, a quick ratio of 0.88 and a debt-to-equity ratio of 0.69.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, May 28th. Tyson Foods’s dividend payout ratio (DPR) is presently 31.56%.
Several research firms have weighed in on TSN. Stephens upgraded Tyson Foods from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $64.00 to $80.00 in a report on Monday, February 8th. JPMorgan Chase & Co. lowered Tyson Foods from an “overweight” rating to a “neutral” rating and cut their target price for the company from $72.00 to $70.00 in a report on Wednesday, December 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $72.75.
In other Tyson Foods news, insider Jason Nichol sold 1,114 shares of Tyson Foods stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $74.00, for a total transaction of $82,436.00. Following the sale, the insider now directly owns 3,437 shares of the company’s stock, valued at $254,338. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shane Miller sold 5,000 shares of Tyson Foods stock in a transaction that occurred on Thursday, March 18th. The shares were sold at an average price of $77.00, for a total value of $385,000.00. Following the sale, the insider now directly owns 12,934 shares in the company, valued at $995,918. The disclosure for this sale can be found here. 1.82% of the stock is owned by company insiders.
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; and supplies poultry breeding stock; sells specialty products , such as hides and meats.
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