Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 92.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,853 shares of the company’s stock after selling 22,609 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Tyson Foods were worth $99,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TSN. Amalgamated Bank lifted its stake in Tyson Foods by 3.0% during the fourth quarter. Amalgamated Bank now owns 73,416 shares of the company’s stock worth $3,946,000 after purchasing an additional 2,170 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Tyson Foods by 37.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 4,481 shares of the company’s stock valued at $241,000 after buying an additional 1,226 shares during the period. Fisher Asset Management LLC grew its position in shares of Tyson Foods by 18.6% during the 4th quarter. Fisher Asset Management LLC now owns 48,507 shares of the company’s stock valued at $2,607,000 after buying an additional 7,623 shares during the last quarter. Triumph Capital Management raised its stake in Tyson Foods by 30.0% during the fourth quarter. Triumph Capital Management now owns 30,194 shares of the company’s stock worth $1,623,000 after acquiring an additional 6,963 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in Tyson Foods by 1.4% in the fourth quarter. Hexagon Capital Partners LLC now owns 41,774 shares of the company’s stock worth $2,245,000 after acquiring an additional 560 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Insiders Place Their Bets

In other news, Director Noel W. White sold 9,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the sale, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TSN shares. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $47.00 to $62.00 in a research report on Tuesday, February 6th. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $58.00 to $59.00 in a research report on Monday, May 6th. The Goldman Sachs Group lifted their price target on Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, Stephens reissued an “overweight” rating and issued a $70.00 price objective on shares of Tyson Foods in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $60.22.

Tyson Foods Price Performance

TSN opened at $59.65 on Monday. The business has a 50 day moving average price of $58.24 and a two-hundred day moving average price of $53.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77. Tyson Foods, Inc. has a 1-year low of $44.94 and a 1-year high of $62.04.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.23. The business had revenue of $13.07 billion during the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. Research analysts anticipate that Tyson Foods, Inc. will post 2.47 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, August 30th. Tyson Foods’s dividend payout ratio is presently -110.11%.

Tyson Foods Company Profile

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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.