Intact Investment Management Inc. raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 12.9% in the 4th quarter, HoldingsChannel reports. The fund owned 42,800 shares of the company’s stock after acquiring an additional 4,900 shares during the period. Intact Investment Management Inc.’s holdings in Tyson Foods were worth $3,895,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Barnett & Company Inc. acquired a new position in Tyson Foods in the fourth quarter worth about $25,000. Solstein Capital LLC bought a new position in Tyson Foods in the fourth quarter worth about $25,000. Clear Harbor Asset Management LLC bought a new position in Tyson Foods in the fourth quarter worth about $27,000. Alpha Windward LLC bought a new position in Tyson Foods in the fourth quarter worth about $29,000. Finally, Sugarloaf Wealth Management LLC bought a new position in Tyson Foods in the fourth quarter worth about $30,000. Institutional investors own 68.84% of the company’s stock.
In other news, CEO Noel W. White sold 17,417 shares of Tyson Foods stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.29, for a total transaction of $1,589,997.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.69% of the company’s stock.
A number of brokerages have issued reports on TSN. JPMorgan Chase & Co. raised shares of Tyson Foods from a “neutral” rating to an “overweight” rating and set a $70.00 target price on the stock in a report on Friday, March 20th. Cfra raised shares of Tyson Foods to a “buy” rating and set a $105.00 target price on the stock in a report on Wednesday, January 29th. Buckingham Research cut their target price on shares of Tyson Foods from $92.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Stephens cut their target price on shares of Tyson Foods from $95.00 to $84.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Finally, ValuEngine raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $88.54.
Shares of TSN traded down $0.01 during mid-day trading on Thursday, reaching $63.18. 250,407 shares of the company’s stock traded hands, compared to its average volume of 4,861,888. The business’s 50-day moving average price is $68.56 and its 200-day moving average price is $82.09. The stock has a market capitalization of $21.90 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.52 and a current ratio of 1.30. Tyson Foods, Inc. has a 12 month low of $42.57 and a 12 month high of $94.24.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.70 by ($0.04). The business had revenue of $10.82 billion for the quarter, compared to the consensus estimate of $11.09 billion. Tyson Foods had a net margin of 4.71% and a return on equity of 14.36%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $1.58 EPS. Equities research analysts anticipate that Tyson Foods, Inc. will post 6.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, May 29th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.38. Tyson Foods’s payout ratio is 30.77%.
About Tyson Foods
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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