Stoneridge Investment Partners LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 796.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,192 shares of the company’s stock after purchasing an additional 37,485 shares during the period. Stoneridge Investment Partners LLC’s holdings in Tyson Foods were worth $2,253,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Huntington National Bank grew its position in Tyson Foods by 236.9% during the 4th quarter. Huntington National Bank now owns 539 shares of the company’s stock worth $29,000 after purchasing an additional 379 shares during the last quarter. Legacy Financial Advisors Inc. purchased a new stake in shares of Tyson Foods in the 4th quarter valued at $31,000. Taylor Hoffman Wealth Management boosted its holdings in shares of Tyson Foods by 331.5% in the 4th quarter. Taylor Hoffman Wealth Management now owns 1,562 shares of the company’s stock valued at $83,000 after acquiring an additional 1,200 shares during the last quarter. Cavalier Investments LLC purchased a new stake in shares of Tyson Foods in the 4th quarter valued at $91,000. Finally, Exane Asset Management purchased a new stake in shares of Tyson Foods in the 3rd quarter valued at $201,000. 70.77% of the stock is currently owned by institutional investors.
In related news, Director Robert C. Thurber sold 500 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $54.45, for a total value of $27,225.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gaurdie E. Jr. Banister purchased 6,897 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were purchased at an average cost of $58.01 per share, with a total value of $400,094.97. The disclosure for this purchase can be found here. 1.69% of the stock is owned by corporate insiders.
TSN has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Standpoint Research initiated coverage on shares of Tyson Foods in a report on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 price objective on the stock. Pivotal Research reaffirmed a “sell” rating and issued a $40.00 price objective on shares of Tyson Foods in a report on Tuesday, November 13th. Mizuho reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Tyson Foods in a report on Wednesday, November 14th. Finally, Piper Jaffray Companies set a $72.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a report on Monday, November 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Tyson Foods has a consensus rating of “Hold” and a consensus price target of $70.93.
Shares of TSN traded up $0.37 during trading hours on Monday, hitting $59.66. The stock had a trading volume of 80,002 shares, compared to its average volume of 2,700,632. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.34. Tyson Foods, Inc. has a fifty-two week low of $49.77 and a fifty-two week high of $77.31. The stock has a market cap of $21.65 billion, a P/E ratio of 9.72, a P/E/G ratio of 0.91 and a beta of 0.49.
Tyson Foods (NYSE:TSN) last posted its earnings results on Thursday, February 7th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.03. Tyson Foods had a net margin of 4.86% and a return on equity of 17.25%. The firm had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period in the previous year, the business posted $1.81 EPS. The business’s revenue was down .4% compared to the same quarter last year. Equities analysts expect that Tyson Foods, Inc. will post 5.91 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, May 30th. Tyson Foods’s dividend payout ratio is presently 24.35%.
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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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