Patton Albertson Miller Group LLC decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,712 shares of the company’s stock after selling 1,422 shares during the quarter. Tyson Foods comprises approximately 0.9% of Patton Albertson Miller Group LLC’s investment portfolio, making the stock its 26th biggest position. Patton Albertson Miller Group LLC’s holdings in Tyson Foods were worth $2,247,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its position in shares of Tyson Foods by 12.5% in the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock valued at $621,587,000 after purchasing an additional 980,069 shares during the last quarter. Iridian Asset Management LLC CT grew its position in Tyson Foods by 13.0% during the fourth quarter. Iridian Asset Management LLC CT now owns 5,462,289 shares of the company’s stock worth $442,828,000 after buying an additional 629,241 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Tyson Foods by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 4,028,728 shares of the company’s stock worth $283,668,000 after buying an additional 14,313 shares in the last quarter. Prudential Financial Inc. grew its position in Tyson Foods by 10.0% during the third quarter. Prudential Financial Inc. now owns 3,107,758 shares of the company’s stock worth $218,942,000 after buying an additional 283,327 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Tyson Foods by 6,356.6% during the second quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock worth $155,256,000 after buying an additional 2,440,548 shares in the last quarter. 71.09% of the stock is currently owned by institutional investors.
In other news, insider Scott Rouse sold 1,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total value of $77,260.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Bebber David L. Van sold 164,348 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $83.26, for a total value of $13,683,614.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 397,342 shares of company stock worth $32,702,254. Company insiders own 1.55% of the company’s stock.
Shares of Tyson Foods, Inc. (NYSE TSN) opened at $74.49 on Monday. The firm has a market capitalization of $27,391.31, a price-to-earnings ratio of 15.55 and a beta of 0.17. Tyson Foods, Inc. has a twelve month low of $57.20 and a twelve month high of $84.65. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 0.88.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. equities research analysts expect that Tyson Foods, Inc. will post 5.82 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders 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 dividend yield of 1.61%. 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 (DPR) 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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