Dynamic Capital Management Ltd cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 87.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,143 shares of the company’s stock after selling 55,857 shares during the quarter. Dynamic Capital Management Ltd’s holdings in Tyson Foods were worth $660,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cerebellum GP LLC bought a new stake in Tyson Foods in the fourth quarter worth $124,000. Stevens First Principles Investment Advisors bought a new stake in Tyson Foods in the third quarter worth $141,000. Horan Capital Advisors LLC. bought a new stake in Tyson Foods in the third quarter worth $155,000. Financial Gravity Companies Inc. bought a new stake in Tyson Foods in the fourth quarter worth $198,000. Finally, Signaturefd LLC bought a new stake in Tyson Foods in the fourth quarter worth $201,000. Institutional investors own 70.75% of the company’s stock.
Several equities research analysts have commented on the company. ValuEngine raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, November 20th. raised Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 target price on the stock in a report on Wednesday, November 15th. BMO Capital Markets boosted their target price on Tyson Foods to $89.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Mizuho set a $92.00 target price on Tyson Foods and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Zacks Investment Research downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $76.87.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.30. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The firm had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the previous year, the business earned $1.59 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. research analysts expect that Tyson Foods, Inc. will post 6.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, May 31st. Tyson Foods’s dividend payout ratio is currently 24.29%.
In related news, insider Thomas P. Hayes sold 53,874 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $81.63, for a total transaction of $4,397,734.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Noel W. White sold 24,575 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $80.96, for a total value of $1,989,592.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,249 shares of company stock valued at $6,976,695. 2.65% of the stock is owned by company insiders.
About Tyson Foods
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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