Meadow Creek Investment Management LLC lowered its holdings in Tyson Foods, Inc. (NYSE:TSN) by 35.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,092 shares of the company’s stock after selling 89,936 shares during the period. Meadow Creek Investment Management LLC’s holdings in Tyson Foods were worth $13,141,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of TSN. BlackRock Inc. boosted its holdings in 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 purchasing an additional 2,168,652 shares during the last quarter. Wells Fargo & Company MN raised its stake 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 valued at $332,940,000 after buying an additional 2,035,714 shares in the last quarter. Iridian Asset Management LLC CT raised its stake 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 valued at $340,488,000 after buying an additional 1,893,438 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Tyson Foods by 12.5% during the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock valued at $621,587,000 after buying an additional 980,069 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in Tyson Foods during the fourth quarter valued at approximately $49,716,000. 71.37% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Gaurdie E. Jr. Banister sold 7,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $75.56, for a total value of $589,368.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas P. Hayes sold 53,874 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $81.63, for a total value of $4,397,734.62. The disclosure for this sale can be found here. Insiders have sold a total of 86,249 shares of company stock worth $6,976,695 over the last quarter. Insiders own 1.55% of the company’s stock.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.30. The business had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.88 billion. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS. research analysts predict that Tyson Foods, Inc. will post 6.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Thursday, May 31st. Tyson Foods’s payout ratio is 15.79%.
Several analysts have issued reports on the company. Jefferies Group restated a “buy” rating on shares of Tyson Foods in a research note on Thursday, February 8th. ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. upgraded Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective on the stock in a research note on Wednesday, November 15th. Zacks Investment Research cut Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Piper Jaffray Companies set a $92.00 price objective on Tyson Foods and gave the company a “buy” rating in a research note on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $76.87.
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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