Levin Capital Strategies L.P. cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 46.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 554,096 shares of the company’s stock after selling 479,771 shares during the quarter. Levin Capital Strategies L.P. owned about 0.15% of Tyson Foods worth $29,589,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Huntington National Bank grew its stake in shares of Tyson Foods by 236.9% during the 4th quarter. Huntington National Bank now owns 539 shares of the company’s stock worth $29,000 after purchasing an additional 379 shares during the period. Legacy Financial Advisors Inc. acquired a new position in shares of Tyson Foods during the 4th quarter worth $31,000. Taylor Hoffman Wealth Management grew its stake in shares of Tyson Foods by 331.5% during the 4th quarter. Taylor Hoffman Wealth Management now owns 1,562 shares of the company’s stock worth $83,000 after purchasing an additional 1,200 shares during the period. Cavalier Investments LLC acquired a new position in shares of Tyson Foods during the 4th quarter worth $91,000. Finally, Exane Asset Management acquired a new position in shares of Tyson Foods during the 3rd quarter worth $201,000. 70.77% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Mizuho reissued a “buy” rating and issued a $82.00 price objective on shares of Tyson Foods in a research note on Friday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $60.00 price objective on shares of Tyson Foods in a research note on Tuesday, December 11th. ValuEngine cut shares of Tyson Foods from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 28th. Finally, Pivotal Research reissued a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research report on Tuesday, November 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Tyson Foods currently has a consensus rating of “Hold” and an average price target of $70.93.
TSN stock opened at $59.40 on Monday. Tyson Foods, Inc. has a twelve month low of $49.77 and a twelve month high of $77.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.34. The company has a market cap of $21.65 billion, a PE ratio of 9.64, a P/E/G ratio of 0.91 and a beta of 0.49.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Thursday, February 7th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.03. Tyson Foods had a net margin of 4.86% and a return on equity of 17.25%. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the company earned $1.81 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. On average, analysts anticipate that Tyson Foods, Inc. will post 5.91 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, May 30th. Tyson Foods’s dividend payout ratio is presently 24.35%.
In other Tyson Foods news, Director Gaurdie E. Jr. Banister acquired 6,897 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was purchased at an average price of $58.01 per share, with a total value of $400,094.97. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Thurber sold 500 shares of Tyson Foods stock in a transaction on Monday, December 17th. The stock was sold at an average price of $54.45, for a total transaction 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 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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