Kessler Investment Group LLC reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 44.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 675 shares of the company’s stock after selling 530 shares during the period. Kessler Investment Group LLC’s holdings in Tyson Foods were worth $36,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in Tyson Foods in the 3rd quarter valued at about $170,000. Trilogy Capital Inc. purchased a new stake in Tyson Foods in the 2nd quarter valued at about $198,000. Exane Asset Management purchased a new stake in Tyson Foods in the 3rd quarter valued at about $201,000. BKS Advisors LLC raised its holdings in Tyson Foods by 28.3% in the 3rd quarter. BKS Advisors LLC now owns 3,786 shares of the company’s stock valued at $225,000 after buying an additional 836 shares during the period. Finally, Sawtooth Solutions LLC purchased a new stake in Tyson Foods in the 3rd quarter valued at about $232,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Shares of Tyson Foods stock traded up $0.66 on Friday, reaching $58.22. 46,728 shares of the company were exchanged, compared to its average volume of 3,010,029. Tyson Foods, Inc. has a 1-year low of $49.77 and a 1-year high of $81.51. The company has a market cap of $20.65 billion, a PE ratio of 9.40, a P/E/G ratio of 0.87 and a beta of 0.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 1.13.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Tuesday, November 13th. The company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.25. Tyson Foods had a return on equity of 18.39% and a net margin of 7.55%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.30 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, sell-side analysts predict that Tyson Foods, Inc. will post 5.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.30. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.58%. Tyson Foods’s payout ratio is currently 24.35%.

A number of analysts have issued reports on TSN shares. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research note on Monday, September 17th. Mizuho set a $82.00 price target on shares of Tyson Foods and gave the stock a “buy” rating in a research note on Monday, September 17th. ValuEngine lowered shares of Tyson Foods from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 27th. Zacks Investment Research upgraded shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, October 1st. Finally, Standpoint Research started coverage on shares of Tyson Foods in a research note on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price target on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $70.93.

In other Tyson Foods news, Director Gaurdie E. Jr. Banister purchased 6,897 shares of the stock in a transaction that occurred on Thursday, December 6th. The stock was purchased at an average cost of $58.01 per share, with a total value of $400,094.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Thurber sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $54.45, for a total value of $27,225.00. The disclosure for this sale can be found here. Insiders own 1.69% of the company’s stock.

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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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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