Suntrust Banks Inc. decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,114 shares of the company’s stock after selling 5,150 shares during the period. Suntrust Banks Inc.’s holdings in Tyson Foods were worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently modified their holdings of the company. Brookfield Asset Management Inc. bought a new position in Tyson Foods in the 3rd quarter worth $2,738,000. OLD Second National Bank of Aurora lifted its stake in Tyson Foods by 146.4% in the 4th 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 in the last quarter. Blueshift Asset Management LLC purchased a new stake in Tyson Foods in the 4th quarter worth $1,174,000. Sowell Financial Services LLC lifted its stake in Tyson Foods by 19.8% in the 3rd quarter. Sowell Financial Services LLC now owns 9,014 shares of the company’s stock worth $537,000 after purchasing an additional 1,492 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Tyson Foods by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,936,309 shares of the company’s stock worth $115,268,000 after purchasing an additional 55,492 shares in the last quarter. 70.17% of the stock is owned by institutional investors.
Shares of TSN stock opened at $66.61 on Monday. 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 stock has a market capitalization of $24.38 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.25 and a beta of 0.46. Tyson Foods, Inc. has a one year low of $49.77 and a one year high of $75.15.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.50 dividend on an annualized basis and a yield of 2.25%. Tyson Foods’s dividend payout ratio is currently 24.35%.
In other Tyson Foods news, insider Chad Roderick Martin sold 8,233 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $62.36, for a total value of $513,409.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Scott Rouse sold 2,500 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $64.22, for a total transaction of $160,550.00. The disclosure for this sale can be found here. 1.69% of the stock is owned by corporate insiders.
Several analysts have commented on the stock. ValuEngine upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a research note on Sunday, February 17th. Stephens began coverage on shares of Tyson Foods in a research report on Monday, March 4th. They set an “overweight” rating and a $62.26 target price on the stock. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Wednesday, January 23rd. Finally, Mizuho restated a “buy” rating and set a $82.00 target price on shares of Tyson Foods in a research report on Friday, February 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $70.16.
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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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