American International Group Inc. lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 115,510 shares of the company’s stock after selling 789 shares during the quarter. American International Group Inc.’s holdings in Tyson Foods were worth $10,516,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of TSN. BlackRock Inc. increased its stake in shares of Tyson Foods by 4.4% in the 2nd quarter. BlackRock Inc. now owns 20,908,859 shares of the company’s stock worth $1,688,183,000 after acquiring an additional 872,367 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Tyson Foods during the third quarter worth about $55,440,000. State Street Corp raised its stake in Tyson Foods by 1.5% during the third quarter. State Street Corp now owns 14,406,100 shares of the company’s stock worth $1,240,941,000 after purchasing an additional 219,582 shares during the period. Nomura Holdings Inc. raised its stake in Tyson Foods by 1,026.4% during the third quarter. Nomura Holdings Inc. now owns 165,068 shares of the company’s stock worth $13,771,000 after purchasing an additional 182,887 shares during the period. Finally, California Public Employees Retirement System raised its stake in Tyson Foods by 11.9% during the third quarter. California Public Employees Retirement System now owns 1,701,937 shares of the company’s stock worth $146,605,000 after purchasing an additional 181,311 shares during the period. 68.44% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Stephen R. Stouffer sold 15,723 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $90.16, for a total transaction of $1,417,585.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Noel W. White sold 17,417 shares of Tyson Foods stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.29, for a total value of $1,589,997.93. The disclosure for this sale can be found here. In the last three months, insiders sold 33,180 shares of company stock worth $3,011,152. 1.68% of the stock is owned by corporate insiders.
Shares of TSN opened at $80.51 on Friday. The firm has a 50-day simple moving average of $87.23 and a two-hundred day simple moving average of $86.47. The stock has a market cap of $29.35 billion, a PE ratio of 14.53, a P/E/G ratio of 1.13 and a beta of 0.43. Tyson Foods, Inc. has a 1-year low of $60.99 and a 1-year high of $94.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.30 and a quick ratio of 0.52.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.66 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.04). The company had revenue of $10.82 billion during the quarter, compared to analyst estimates of $11.09 billion. Tyson Foods had a return on equity of 14.36% and a net margin of 4.71%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 earnings per share. As a group, sell-side analysts expect that Tyson Foods, Inc. will post 6.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.42 dividend. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.68 dividend on an annualized basis and a yield of 2.09%. Tyson Foods’s payout ratio is presently 30.77%.
Several analysts have recently weighed in on TSN shares. Bank of America began coverage on shares of Tyson Foods in a research note on Friday, October 25th. They issued a “buy” rating and a $97.00 price target for the company. Zacks Investment Research lowered shares of Tyson Foods from a “hold” rating to a “sell” rating and set a $93.00 price target on the stock. in a research report on Thursday, November 14th. BMO Capital Markets upped their price objective on Tyson Foods from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Stephens lowered their price objective on Tyson Foods from $95.00 to $84.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, Cfra raised Tyson Foods to a “buy” rating and set a $105.00 target price for the company in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $89.23.
Tyson Foods Company 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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