Garner Asset Management Corp lowered its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,628 shares of the company’s stock after selling 941 shares during the period. Tyson Foods makes up about 1.3% of Garner Asset Management Corp’s holdings, making the stock its 21st biggest position. Garner Asset Management Corp’s holdings in Tyson Foods were worth $1,641,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sage Capital Advisors llc grew its stake in Tyson Foods by 1.0% in the first quarter. Sage Capital Advisors llc now owns 55,767 shares of the company’s stock valued at $3,872,000 after acquiring an additional 535 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Tyson Foods in the first quarter valued at approximately $1,925,000. Advisor Partners LLC grew its stake in Tyson Foods by 83.5% in the first quarter. Advisor Partners LLC now owns 10,517 shares of the company’s stock valued at $730,000 after acquiring an additional 4,786 shares during the period. Decatur Capital Management Inc. grew its stake in Tyson Foods by 54.4% in the first quarter. Decatur Capital Management Inc. now owns 123,979 shares of the company’s stock valued at $8,608,000 after acquiring an additional 43,679 shares during the period. Finally, Horrell Capital Management Inc. grew its stake in Tyson Foods by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 31,468 shares of the company’s stock valued at $2,185,000 after acquiring an additional 139 shares during the period. 70.28% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently issued reports on the company. Zacks Investment Research cut Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 11th. Credit Suisse Group lifted their target price on Tyson Foods from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. ValuEngine raised Tyson Foods from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Sunday, February 17th. Finally, Vertical Group raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $71.16.
In related news, insider Chad Roderick Martin sold 8,233 shares of Tyson Foods stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $62.36, for a total transaction of $513,409.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott Rouse sold 2,500 shares of Tyson Foods stock in a transaction on Monday, March 11th. The stock was sold at an average price of $64.22, for a total value of $160,550.00. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
Tyson Foods stock traded up $1.60 during mid-day trading on Tuesday, reaching $74.45. 3,471,418 shares of the company’s stock were exchanged, compared to its average volume of 2,770,298. The firm has a market capitalization of $26.99 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 1.38 and a beta of 0.48. Tyson Foods, Inc. has a one year low of $49.77 and a one year high of $74.81. The company has a current ratio of 0.85, a quick ratio of 0.34 and a debt-to-equity ratio of 0.61.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Thursday, February 7th. The company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.03. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.33 billion. Tyson Foods had a return on equity of 17.25% and a net margin of 4.86%. Tyson Foods’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $1.81 earnings per share. Analysts predict that Tyson Foods, Inc. will post 5.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.50 dividend on an annualized basis and a yield of 2.01%. Tyson Foods’s dividend payout ratio (DPR) is currently 24.35%.
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About Tyson Foods
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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