Investec Asset Management LTD reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 62.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 574,709 shares of the company’s stock after selling 951,282 shares during the period. Investec Asset Management LTD owned approximately 0.15% of Tyson Foods worth $35,448,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of Tyson Foods by 65.5% in the second quarter. AQR Capital Management LLC now owns 6,894,555 shares of the company’s stock valued at $460,487,000 after buying an additional 2,729,327 shares in the last quarter. Morgan Stanley boosted its stake in shares of Tyson Foods by 242.7% in the third quarter. Morgan Stanley now owns 1,824,486 shares of the company’s stock valued at $136,235,000 after buying an additional 1,292,042 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Tyson Foods by 109.9% in the second quarter. William Blair Investment Management LLC now owns 2,302,479 shares of the company’s stock valued at $153,783,000 after buying an additional 1,205,581 shares in the last quarter. Iridian Asset Management LLC CT boosted its stake in shares of Tyson Foods by 16.3% in the fourth quarter. Iridian Asset Management LLC CT now owns 6,739,847 shares of the company’s stock valued at $415,714,000 after buying an additional 943,331 shares in the last quarter. Finally, Numeric Investors LLC boosted its stake in shares of Tyson Foods by 49.3% in the second quarter. Numeric Investors LLC now owns 2,739,958 shares of the company’s stock valued at $183,002,000 after buying an additional 905,058 shares in the last quarter. 69.64% of the stock is currently owned by institutional investors.
Shares of Tyson Foods, Inc. (NYSE:TSN) traded down 0.424% during midday trading on Friday, hitting $64.625. The company had a trading volume of 548,026 shares. The firm has a market capitalization of $23.72 billion, a PE ratio of 13.037 and a beta of 0.17. The company has a 50-day moving average of $63.27 and a 200 day moving average of $68.05. Tyson Foods, Inc. has a 12 month low of $55.72 and a 12 month high of $77.05.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, February 6th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.33. The company earned $9.18 billion during the quarter, compared to analysts’ expectations of $9.04 billion. Tyson Foods had a return on equity of 19.03% and a net margin of 5.15%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. On average, analysts expect that Tyson Foods, Inc. will post $5.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.90 annualized dividend and a yield of 1.39%. Tyson Foods’s dividend payout ratio (DPR) is 12.07%.
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Several equities research analysts have weighed in on the company. KeyCorp assumed coverage on Tyson Foods in a report on Thursday, December 1st. They issued an “overweight” rating and a $70.00 target price for the company. Royal Bank Of Canada lowered their target price on Tyson Foods from $75.00 to $68.00 and set a “sector perform” rating for the company in a report on Tuesday, November 22nd. Jefferies Group LLC lowered their target price on Tyson Foods from $85.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, November 22nd. RBC Capital Markets reiterated a “sector perform” rating and issued a $68.00 target price on shares of Tyson Foods in a report on Tuesday, February 7th. Finally, Vetr upgraded Tyson Foods from a “buy” rating to a “strong-buy” rating and set a $69.21 target price for the company in a report on Monday, January 30th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $70.96.
Tyson Foods Company 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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