Capital Investment Advisors LLC increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 18.3% in the first quarter, HoldingsChannel.com reports. The firm owned 24,336 shares of the company’s stock after buying an additional 3,769 shares during the quarter. Capital Investment Advisors LLC’s holdings in Tyson Foods were worth $1,808,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aristotle Capital Management LLC grew its position in shares of Tyson Foods by 1.9% in the fourth quarter. Aristotle Capital Management LLC now owns 9,100,592 shares of the company’s stock valued at $586,442,000 after purchasing an additional 169,122 shares in the last quarter. Victory Capital Management Inc. grew its position in Tyson Foods by 8.9% in the fourth quarter. Victory Capital Management Inc. now owns 4,283,823 shares of the company’s stock worth $276,050,000 after acquiring an additional 351,785 shares during the period. Dimensional Fund Advisors LP grew its position in Tyson Foods by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,912,949 shares of the company’s stock worth $252,123,000 after acquiring an additional 121,840 shares during the period. Principal Financial Group Inc. grew its position in Tyson Foods by 37.3% in the fourth quarter. Principal Financial Group Inc. now owns 3,656,806 shares of the company’s stock worth $235,644,000 after acquiring an additional 993,113 shares during the period. Finally, Norges Bank purchased a new position in Tyson Foods in the fourth quarter worth approximately $188,179,000. 63.65% of the stock is owned by institutional investors.
In other news, insider Jason Nichol sold 1,114 shares of the company’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $74.00, for a total transaction of $82,436.00. Following the completion of the sale, the insider now owns 3,437 shares in the company, valued at $254,338. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shane Miller sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 18th. The stock was sold at an average price of $77.00, for a total value of $385,000.00. Following the sale, the insider now owns 12,934 shares of the company’s stock, valued at approximately $995,918. The disclosure for this sale can be found here. 1.82% of the stock is currently owned by corporate insiders.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Thursday, February 11th. The company reported $1.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.45. The business had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $11.08 billion. Tyson Foods had a return on equity of 13.79% and a net margin of 4.96%. During the same period in the prior year, the company earned $1.66 earnings per share. On average, equities analysts anticipate that Tyson Foods, Inc. will post 5.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Tuesday, June 1st will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, May 28th. Tyson Foods’s payout ratio is currently 31.56%.
Separately, Stephens raised their price target on Tyson Foods from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, April 15th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $75.14.
Tyson Foods Profile
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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products , such as hides and meats.
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