Tyson Foods, Inc. (TSN) Stake Increased by Rhumbline Advisers

Rhumbline Advisers grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 586,255 shares of the company’s stock after buying an additional 8,527 shares during the quarter. Rhumbline Advisers’ holdings in Tyson Foods were worth $47,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Tyson Foods by 4.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,919 shares of the company’s stock valued at $1,122,000 after buying an additional 715 shares during the period. Amalgamated Bank lifted its holdings in shares of Tyson Foods by 2.4% in the 3rd quarter. Amalgamated Bank now owns 32,144 shares of the company’s stock valued at $2,265,000 after buying an additional 750 shares during the period. Sumitomo Mitsui Financial Group Inc. lifted its holdings in shares of Tyson Foods by 7.2% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 11,255 shares of the company’s stock valued at $793,000 after buying an additional 757 shares during the period. Comerica Bank lifted its holdings in shares of Tyson Foods by 1.1% in the 3rd quarter. Comerica Bank now owns 68,203 shares of the company’s stock valued at $4,874,000 after buying an additional 759 shares during the period. Finally, Montecito Bank & Trust lifted its holdings in shares of Tyson Foods by 18.4% in the 3rd quarter. Montecito Bank & Trust now owns 4,925 shares of the company’s stock valued at $347,000 after buying an additional 765 shares during the period. 70.80% of the stock is owned by institutional investors and hedge funds.

In related news, Director Jeffrey K. Schomburger purchased 2,700 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $74.83 per share, with a total value of $202,041.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Bebber David L. Van sold 164,348 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $83.26, for a total value of $13,683,614.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 396,342 shares of company stock valued at $32,624,994. Insiders own 2.65% of the company’s stock.

Several analysts have recently commented on TSN shares. Jefferies Group set a $85.00 price target on Tyson Foods and gave the company a “buy” rating in a report on Monday, October 30th. KeyCorp began coverage on Tyson Foods in a report on Tuesday, October 31st. They set an “overweight” rating and a $82.00 price objective for the company. Morgan Stanley began coverage on Tyson Foods in a report on Friday, November 3rd. They set an “equal weight” rating and a $76.00 price objective for the company. Pivotal Research raised Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a report on Monday, November 13th. Finally, BMO Capital Markets lifted their price objective on Tyson Foods to $89.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $76.31.

Tyson Foods, Inc. (NYSE:TSN) opened at $76.01 on Monday. 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 $27,950.24, a price-to-earnings ratio of 10.00, a PEG ratio of 1.03 and a beta of 0.17. 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 6.7 EPS for the current 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 issued a $0.30 dividend. The ex-dividend date is Thursday, May 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.58%. Tyson Foods’s dividend payout ratio (DPR) is 15.79%.

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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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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