Dana Investment Advisors Inc. cut its stake in Tyson Foods, Inc. (NYSE:TSN) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 248,272 shares of the company’s stock after selling 26,337 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Tyson Foods were worth $13,258,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Huntington National Bank lifted its holdings in Tyson Foods by 236.9% during the fourth quarter. Huntington National Bank now owns 539 shares of the company’s stock valued at $29,000 after purchasing an additional 379 shares in the last quarter. PRW Wealth Management LLC purchased a new position in Tyson Foods during the fourth quarter valued at approximately $29,000. Legacy Financial Advisors Inc. purchased a new position in Tyson Foods during the fourth quarter valued at approximately $31,000. Citizens Financial Group Inc RI purchased a new position in Tyson Foods during the fourth quarter valued at approximately $37,000. Finally, AdvisorNet Financial Inc lifted its holdings in Tyson Foods by 58.4% during the fourth quarter. AdvisorNet Financial Inc now owns 895 shares of the company’s stock valued at $48,000 after purchasing an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 69.59% of the company’s stock.
TSN stock opened at $64.88 on Friday. 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, Inc. has a twelve month low of $49.77 and a twelve month high of $75.78. The firm has a market cap of $23.35 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.20 and a beta of 0.46.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is 24.35%.
TSN has been the topic of several research analyst reports. Stephens initiated coverage on shares of Tyson Foods in a report on Monday, March 4th. They issued an “overweight” rating and a $62.26 target price on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research note on Sunday, February 17th. Zacks Investment Research downgraded shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 11th. Mizuho reaffirmed a “buy” rating and set a $82.00 price target on shares of Tyson Foods in a research note on Friday, February 8th. Finally, Vertical Group raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Tyson Foods presently has an average rating of “Hold” and a consensus price target of $70.16.
In other news, EVP Scott Rouse sold 2,500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $64.22, for a total value of $160,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chad Roderick Martin sold 8,233 shares of the company’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $62.36, for a total transaction of $513,409.88. The disclosure for this sale can be found here. Insiders have sold 11,233 shares of company stock worth $701,185 in the last quarter. Company insiders own 1.69% of the company’s stock.
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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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