Tyson Foods, Inc. (TSN) Holdings Reduced by Convergence Investment Partners LLC

Convergence Investment Partners LLC reduced its holdings in Tyson Foods, Inc. (NYSE:TSN) by 20.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,997 shares of the company’s stock after selling 12,183 shares during the period. Convergence Investment Partners LLC’s holdings in Tyson Foods were worth $3,311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TSN. Sun Life Financial INC grew its holdings in shares of Tyson Foods by 21,000.0% during the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after purchasing an additional 2,100 shares in the last quarter. Stevens First Principles Investment Advisors acquired a new stake in shares of Tyson Foods during the 3rd quarter worth approximately $141,000. Archford Capital Strategies LLC grew its holdings in shares of Tyson Foods by 27,492.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock worth $149,000 after purchasing an additional 3,574 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Tyson Foods by 17.0% during the 2nd quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock worth $155,000 after purchasing an additional 359 shares in the last quarter. Finally, Horan Capital Advisors LLC. acquired a new stake in shares of Tyson Foods during the 3rd quarter worth approximately $155,000. 71.57% of the stock is currently owned by institutional investors.

In related news, CFO Dennis Leatherby sold 115,293 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $82.09, for a total value of $9,464,402.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen R. Stouffer sold 9,238 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $81.23, for a total value of $750,402.74. The disclosure for this sale can be found here. Insiders sold 154,485 shares of company stock valued at $12,626,308 in the last quarter. 2.65% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on TSN shares. Royal Bank Of Canada reissued a “sector perform” rating and set a $77.00 price objective (up previously from $70.00) on shares of Tyson Foods in a report on Friday, October 6th. Morgan Stanley initiated coverage on Tyson Foods in a research note on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 price target on the stock. Argus raised Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, November 15th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 price target on the stock in a research note on Wednesday, October 4th. Finally, BidaskClub lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $73.71.

Tyson Foods, Inc. (NYSE:TSN) traded up $0.14 during mid-day trading on Monday, hitting $82.39. The stock had a trading volume of 2,763,600 shares, compared to its average volume of 2,650,770. The company has a market capitalization of $30,296.29, a P/E ratio of 15.52 and a beta of 0.36. Tyson Foods, Inc. has a 12 month low of $56.40 and a 12 month high of $82.84. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.93 billion. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share. analysts predict that Tyson Foods, Inc. will post 5.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Wednesday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s dividend payout ratio is currently 25.05%.

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About Tyson Foods

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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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