Levin Capital Strategies L.P. reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 46.4% during the fourth quarter, HoldingsChannel reports. The firm owned 554,096 shares of the company’s stock after selling 479,771 shares during the period. Levin Capital Strategies L.P.’s holdings in Tyson Foods were worth $29,589,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. LSV Asset Management raised its stake in shares of Tyson Foods by 4.4% during the fourth quarter. LSV Asset Management now owns 6,381,744 shares of the company’s stock valued at $340,785,000 after purchasing an additional 266,687 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Tyson Foods by 0.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 40,911 shares of the company’s stock worth $2,185,000 after acquiring an additional 251 shares in the last quarter. Stoneridge Investment Partners LLC raised its position in Tyson Foods by 796.4% in the fourth quarter. Stoneridge Investment Partners LLC now owns 42,192 shares of the company’s stock worth $2,253,000 after acquiring an additional 37,485 shares in the last quarter. Unison Advisors LLC bought a new stake in Tyson Foods in the fourth quarter worth about $1,146,000. Finally, Roman Butler Fullerton & Co. bought a new stake in Tyson Foods in the fourth quarter worth about $210,000. Institutional investors and hedge funds own 70.77% of the company’s stock.
Shares of TSN opened at $59.40 on Monday. The stock has a market capitalization of $21.65 billion, a P/E ratio of 9.64, a P/E/G ratio of 0.91 and a beta of 0.49. Tyson Foods, Inc. has a 1-year low of $49.77 and a 1-year high of $77.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.34 and a current ratio of 0.85.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.375 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.50 dividend on an annualized basis and a yield of 2.53%. Tyson Foods’s dividend payout ratio is currently 24.35%.
In other Tyson Foods news, Director Gaurdie E. Jr. Banister bought 6,897 shares of the stock in a transaction on Thursday, December 6th. The shares were bought at an average price of $58.01 per share, with a total value of $400,094.97. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert C. Thurber sold 500 shares of Tyson Foods 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 disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
TSN has been the topic of several research reports. Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Standpoint Research initiated coverage on shares of Tyson Foods in a research report on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 price target on the stock. Pivotal Research reiterated a “sell” rating and issued a $40.00 price target on shares of Tyson Foods in a research report on Tuesday, November 13th. Mizuho reiterated a “buy” rating and issued a $78.00 price target on shares of Tyson Foods in a research report on Wednesday, November 14th. Finally, Piper Jaffray Companies set a $72.00 price target on shares of Tyson Foods and gave the stock a “buy” rating in a research report on Monday, November 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $70.93.
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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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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