American Century Companies Inc. Sells 43,793 Shares of Tyson Foods, Inc. $TSN

American Century Companies Inc. reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 34.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,419 shares of the company’s stock after selling 43,793 shares during the quarter. American Century Companies Inc.’s holdings in Tyson Foods were worth $4,722,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Mufg Securities Americas Inc. lifted its position in shares of Tyson Foods by 25.2% during the second quarter. Mufg Securities Americas Inc. now owns 6,343 shares of the company’s stock valued at $355,000 after buying an additional 1,277 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Tyson Foods by 2.2% during the 2nd quarter. Franklin Resources Inc. now owns 125,971 shares of the company’s stock worth $7,047,000 after acquiring an additional 2,659 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Tyson Foods during the second quarter valued at approximately $480,000. DNB Asset Management AS boosted its stake in Tyson Foods by 6.7% in the second quarter. DNB Asset Management AS now owns 74,064 shares of the company’s stock valued at $4,143,000 after acquiring an additional 4,643 shares in the last quarter. Finally, Entropy Technologies LP grew its holdings in Tyson Foods by 110.6% in the second quarter. Entropy Technologies LP now owns 27,928 shares of the company’s stock worth $1,562,000 after purchasing an additional 14,664 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Price Performance

NYSE:TSN opened at $56.86 on Monday. The firm has a market cap of $20.07 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 1.31 and a beta of 0.47. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $64.36. The firm’s fifty day moving average is $53.80 and its two-hundred day moving average is $54.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.55.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, November 10th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.30. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The company had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.08 billion. During the same period last year, the business earned $0.92 earnings per share. Tyson Foods’s quarterly revenue was up 2.2% on a year-over-year basis. Research analysts expect that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.04 annualized dividend and a yield of 3.6%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s dividend payout ratio is currently 153.38%.

Insider Transactions at Tyson Foods

In related news, Chairman John H. Tyson sold 100,301 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the transaction, the chairman owned 2,989,415 shares of the company’s stock, valued at approximately $173,535,540.75. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total value of $373,965.41. Following the sale, the chief financial officer directly owned 31,833 shares in the company, valued at $1,820,529.27. This represents a 17.04% decrease in their position. The SEC filing for this sale provides additional information. 2.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on Tyson Foods in a report on Wednesday, August 20th. They set a “neutral” rating and a $60.00 price objective for the company. Santander began coverage on Tyson Foods in a report on Thursday, September 25th. They issued a “neutral” rating for the company. BMO Capital Markets upped their price objective on shares of Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tyson Foods in a research note on Monday, December 1st. Finally, Bank of America cut their price target on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $60.75.

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.