Copper Rock Capital Partners LLC trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,387 shares of the company’s stock after selling 18,634 shares during the period. Copper Rock Capital Partners LLC’s holdings in Tyson Foods were worth $8,757,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Stevens First Principles Investment Advisors bought a new stake in shares of Tyson Foods in the third quarter valued at about $141,000. Sun Life Financial INC lifted its holdings in shares of Tyson Foods by 21,000.0% in the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after purchasing an additional 2,100 shares in the last quarter. Horan Capital Advisors LLC. bought a new stake in shares of Tyson Foods in the third quarter valued at about $155,000. Cadence Bank NA bought a new stake in shares of Tyson Foods in the third quarter valued at about $200,000. Finally, Newman Dignan & Sheerar Inc. bought a new stake in shares of Tyson Foods in the third quarter valued at about $203,000. Institutional investors own 71.33% of the company’s stock.
In other Tyson Foods news, insider Scott Rouse sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total transaction of $77,260.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Curt Calaway sold 21,200 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $81.01, for a total value of $1,717,412.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 397,342 shares of company stock worth $32,702,254. Company insiders own 1.55% of the company’s stock.
Tyson Foods (NYSE:TSN) last announced its quarterly 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 firm had revenue of $10.15 billion for 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 business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. equities analysts forecast that Tyson Foods, Inc. will post 5.82 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.47%. 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 payout ratio is 25.05%.
TSN has been the topic of a number of research reports. Credit Suisse Group restated a “neutral” rating and issued a $75.00 price target (up from $70.00) on shares of Tyson Foods in a report on Sunday, October 1st. They noted that the move was a valuation call. Barclays upped their target price on Tyson Foods from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, October 2nd. Mizuho reiterated a “buy” rating and set a $76.00 target price on shares of Tyson Foods in a report on Monday, October 2nd. Jefferies Group upped their target price on Tyson Foods from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 target price on the stock in a report on Wednesday, October 4th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $75.25.
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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