Affinity Investment Advisors LLC bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the 4th quarter, Holdings Channel reports. The firm bought 124,423 shares of the company’s stock, valued at approximately $10,087,000.
A number of other institutional investors also recently made changes to their positions in TSN. OxFORD Asset Management LLP bought a new stake in Tyson Foods during the second quarter valued at approximately $232,000. Stifel Financial Corp lifted its position in Tyson Foods by 63.9% during the second quarter. Stifel Financial Corp now owns 5,434 shares of the company’s stock valued at $341,000 after purchasing an additional 2,119 shares during the last quarter. Caxton Associates LP bought a new stake in Tyson Foods during the second quarter valued at approximately $432,000. Americafirst Capital Management LLC bought a new stake in Tyson Foods during the second quarter valued at approximately $297,000. Finally, Nomura Holdings Inc. lifted its position in Tyson Foods by 972.1% during the second quarter. Nomura Holdings Inc. now owns 63,095 shares of the company’s stock valued at $3,949,000 after purchasing an additional 57,210 shares during the last quarter. Institutional investors and hedge funds own 71.09% of the company’s stock.
In related news, insider Thomas P. Hayes sold 53,874 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $81.63, for a total transaction of $4,397,734.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Bebber David L. Van sold 164,348 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $83.26, for a total transaction of $13,683,614.48. The disclosure for this sale can be found here. Insiders have sold a total of 397,342 shares of company stock valued at $32,702,254 over the last quarter. 2.65% of the stock is currently owned by company insiders.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.30. The firm had revenue of $10.23 billion during the quarter, compared to analyst estimates of $9.88 billion. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.59 EPS. research analysts predict that Tyson Foods, Inc. will post 5.82 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.30 per share. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Wednesday, February 28th. Tyson Foods’s dividend payout ratio is currently 25.05%.
Several equities research analysts have issued reports on TSN shares. Jefferies Group set a $85.00 target price on shares of Tyson Foods and gave the company a “buy” rating in a research report on Monday, October 30th. KeyCorp started coverage on shares of Tyson Foods in a research report on Tuesday, October 31st. They set an “overweight” rating and a $82.00 target price for the company. Morgan Stanley started coverage on shares of Tyson Foods in a research report on Friday, November 3rd. They set an “equal weight” rating and a $76.00 target price for the company. Pivotal Research upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 target price for the company in a research report on Monday, November 13th. Finally, BMO Capital Markets boosted their price objective on shares of Tyson Foods to $89.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $75.67.
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Tyson Foods Company Profile
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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