BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 83.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 225,950 shares of the company’s stock after purchasing an additional 103,086 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Tyson Foods were worth $18,318,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in TSN. BlackRock Inc. raised its stake in Tyson Foods by 10.6% in the 4th quarter. BlackRock Inc. now owns 22,658,190 shares of the company’s stock valued at $1,836,900,000 after purchasing an additional 2,168,652 shares during the last quarter. Wells Fargo & Company MN raised its stake in Tyson Foods by 98.3% in the 4th quarter. Wells Fargo & Company MN now owns 4,106,832 shares of the company’s stock valued at $332,940,000 after purchasing an additional 2,035,714 shares during the last quarter. Iridian Asset Management LLC CT raised its stake in Tyson Foods by 13.0% in the 4th quarter. Iridian Asset Management LLC CT now owns 5,462,289 shares of the company’s stock valued at $442,828,000 after purchasing an additional 629,241 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Tyson Foods in the 4th quarter valued at about $49,716,000. Finally, Gotham Asset Management LLC purchased a new stake in Tyson Foods in the 4th quarter valued at about $44,591,000. 71.36% of the stock is owned by hedge funds and other institutional investors.
Shares of Tyson Foods stock opened at $71.54 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Tyson Foods, Inc. has a fifty-two week low of $57.20 and a fifty-two week high of $84.65. The stock has a market capitalization of $26,753.60, a PE ratio of 9.41, a PEG ratio of 0.99 and a beta of 0.20.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, May 31st. Tyson Foods’s payout ratio is currently 15.79%.
In other news, Director Jeffrey K. Schomburger bought 2,700 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of $74.83 per share, for a total transaction of $202,041.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stephen R. Stouffer sold 15,489 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $74.22, for a total value of $1,149,593.58. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by insiders.
Several research firms have commented on TSN. Mizuho set a $92.00 price target on Tyson Foods and gave the company a “buy” rating in a report on Friday, February 9th. Zacks Investment Research cut Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Piper Jaffray Companies began coverage on Tyson Foods in a report on Thursday, January 4th. They issued an “overweight” rating and a $94.00 price target for the company. KeyCorp restated a “buy” rating and issued a $88.00 price target on shares of Tyson Foods in a report on Thursday, December 21st. Finally, Jefferies Group restated a “buy” rating on shares of Tyson Foods in a report on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Tyson Foods currently has an average rating of “Buy” and an average price target of $76.87.
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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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