Hexavest Inc. Sells 977,218 Shares of Tyson Foods, Inc. (TSN)
Hexavest Inc. cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 98.4% in the 4th quarter, Holdings Channel reports. The firm owned 15,458 shares of the company’s stock after selling 977,218 shares during the period. Hexavest Inc.’s holdings in Tyson Foods were worth $1,253,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in TSN. Janus Henderson Group PLC lifted its position in shares of Tyson Foods by 6,356.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock valued at $155,256,000 after acquiring an additional 2,440,548 shares in the last quarter. Iridian Asset Management LLC CT lifted its position in shares of Tyson Foods by 64.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock valued at $340,488,000 after acquiring an additional 1,893,438 shares in the last quarter. FMR LLC lifted its position in shares of Tyson Foods by 155.4% in the 2nd quarter. FMR LLC now owns 2,010,522 shares of the company’s stock valued at $125,920,000 after acquiring an additional 1,223,351 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Tyson Foods by 12.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock valued at $621,587,000 after acquiring an additional 980,069 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Tyson Foods by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after acquiring an additional 900,009 shares in the last quarter. 71.33% of the stock is owned by institutional investors and hedge funds.
In related news, insider Scott Rouse sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $77.26, for a total value of $77,260.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen R. Stouffer sold 7,754 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $79.55, for a total transaction of $616,830.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 397,342 shares of company stock worth $32,702,254. 2.65% of the stock is currently owned by company insiders.
Tyson Foods, Inc. (NYSE:TSN) opened at $79.90 on Monday. Tyson Foods, Inc. has a 12 month low of $57.20 and a 12 month high of $84.65. The company has a market cap of $29,350.00, a price-to-earnings ratio of 16.68 and a beta of 0.36. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 1.55.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.05. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.93 billion. During the same quarter in the prior year, the business posted $0.96 EPS. Tyson Foods’s quarterly revenue was up 10.8% on a year-over-year basis. research analysts forecast that Tyson Foods, Inc. will post 5.82 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.30 per share. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. Tyson Foods’s dividend payout ratio is 25.05%.
TSN has been the subject of several research analyst reports. Credit Suisse Group restated a “neutral” rating and issued a $75.00 price target (up previously from $70.00) on shares of Tyson Foods in a research report on Sunday, October 1st. They noted that the move was a valuation call. Barclays upped their price target on shares of Tyson Foods from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Mizuho restated a “buy” rating and issued a $76.00 price target on shares of Tyson Foods in a research report on Monday, October 2nd. Jefferies Group increased their target price on shares of Tyson Foods from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 target price for the company in a research report on Wednesday, October 4th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Tyson Foods has a consensus rating of “Buy” and an average target price of $75.25.
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Tyson Foods 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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