Harvest Capital Strategies LLC reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 20.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 80,000 shares of the company’s stock after selling 20,000 shares during the quarter. Tyson Foods accounts for 1.1% of Harvest Capital Strategies LLC’s investment portfolio, making the stock its 21st biggest holding. Harvest Capital Strategies LLC’s holdings in Tyson Foods were worth $6,486,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in TSN. BlackRock Inc. boosted its stake in shares of Tyson Foods by 10.6% in the fourth quarter. BlackRock Inc. now owns 22,658,190 shares of the company’s stock valued at $1,836,900,000 after buying an additional 2,168,652 shares in the last quarter. Wells Fargo & Company MN boosted its position in Tyson Foods by 98.3% during the fourth quarter. Wells Fargo & Company MN now owns 4,106,832 shares of the company’s stock worth $332,940,000 after purchasing an additional 2,035,714 shares in the last quarter. Iridian Asset Management LLC CT boosted its position in Tyson Foods by 64.4% during the third quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock worth $340,488,000 after purchasing an additional 1,893,438 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Tyson Foods by 12.5% during the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after purchasing an additional 980,069 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in Tyson Foods during the fourth quarter worth $49,716,000. Institutional investors own 71.37% of the company’s stock.
TSN has been the topic of a number of research analyst reports. Piper Jaffray Companies initiated coverage on Tyson Foods in a research report on Thursday, January 4th. They set an “overweight” rating and a $94.00 target price on the stock. Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, November 15th. KeyCorp reiterated a “buy” rating and set a $88.00 target price on shares of Tyson Foods in a research report on Thursday, December 21st. BMO Capital Markets boosted their target price on Tyson Foods to $89.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Saturday, January 20th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Tyson Foods presently has a consensus rating of “Buy” and a consensus target price of $76.87.
Tyson Foods, Inc. (NYSE:TSN) opened at $75.97 on Wednesday. Tyson Foods, Inc. has a 1-year low of $57.20 and a 1-year high of $84.65. The firm has a market capitalization of $27,699.36, a price-to-earnings ratio of 9.95, a PEG ratio of 1.02 and a beta of 0.20. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.70.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. equities research analysts anticipate that Tyson Foods, Inc. will post 6.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be paid a $0.30 dividend. The ex-dividend date is Thursday, May 31st. This represents a $1.20 annualized dividend and a yield of 1.58%. Tyson Foods’s payout ratio is currently 15.79%.
COPYRIGHT VIOLATION WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/03/14/harvest-capital-strategies-llc-has-6-49-million-holdings-in-tyson-foods-inc-tsn.html.
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.
Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.