First Citizens Bank & Trust Co. decreased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 30.1% during the 4th quarter, HoldingsChannel reports. The fund owned 35,840 shares of the company’s stock after selling 15,462 shares during the period. First Citizens Bank & Trust Co.’s holdings in Tyson Foods were worth $2,905,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TSN. Prudential Financial Inc. raised its position in Tyson Foods by 10.0% in the 3rd quarter. Prudential Financial Inc. now owns 3,107,758 shares of the company’s stock valued at $218,942,000 after purchasing an additional 283,327 shares in the last quarter. Atlantic Trust Group LLC raised its position in Tyson Foods by 28.4% in the 3rd quarter. Atlantic Trust Group LLC now owns 22,451 shares of the company’s stock valued at $1,582,000 after purchasing an additional 4,963 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Tyson Foods by 7.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,283,400 shares of the company’s stock valued at $90,416,000 after purchasing an additional 86,849 shares in the last quarter. Sage Capital Advisors llc raised its position in Tyson Foods by 21.8% in the 3rd quarter. Sage Capital Advisors llc now owns 38,031 shares of the company’s stock valued at $2,679,000 after purchasing an additional 6,809 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Tyson Foods by 3.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 121,454 shares of the company’s stock valued at $8,556,000 after purchasing an additional 3,868 shares in the last quarter. 71.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the company. Credit Suisse Group reaffirmed a “neutral” rating and issued a $75.00 price target (up previously from $70.00) on shares of Tyson Foods in a research report on Sunday, October 1st. They noted that the move was a valuation call. Jefferies Group set a $85.00 price target on Tyson Foods and gave the company a “buy” rating in a research report on Monday, October 30th. ValuEngine raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 20th. raised Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price target on the stock in a research report on Wednesday, November 15th. Finally, Zacks Investment Research downgraded Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 6th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Tyson Foods presently has an average rating of “Buy” and a consensus price target of $75.25.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 13th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.93 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. analysts forecast that Tyson Foods, Inc. will post 5.82 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s dividend payout ratio (DPR) is currently 25.05%.
In related news, insider Thomas P. Hayes sold 53,874 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $81.63, for a total transaction of $4,397,734.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Noel W. White sold 24,575 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $80.96, for a total value of $1,989,592.00. The disclosure for this sale can be found here. Insiders have sold a total of 397,342 shares of company stock worth $32,702,254 in the last 90 days. 1.55% of the stock is currently owned by company insiders.
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Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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