Greenleaf Trust Has $678,000 Holdings in Tyson Foods, Inc. (NYSE:TSN)

Greenleaf Trust grew its stake in shares of Tyson Foods, Inc. (NYSE:TSNGet Rating) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,882 shares of the company’s stock after acquiring an additional 388 shares during the period. Greenleaf Trust’s holdings in Tyson Foods were worth $678,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Arlington Partners LLC acquired a new stake in Tyson Foods during the second quarter worth approximately $25,000. Core Alternative Capital raised its position in shares of Tyson Foods by 136.2% in the second quarter. Core Alternative Capital now owns 307 shares of the company’s stock valued at $26,000 after buying an additional 177 shares in the last quarter. Hallmark Capital Management Inc. acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $26,000. Tcwp LLC acquired a new stake in shares of Tyson Foods in the first quarter valued at approximately $28,000. Finally, Artemis Wealth Advisors LLC acquired a new stake in shares of Tyson Foods in the second quarter valued at approximately $31,000. 68.55% of the stock is currently owned by institutional investors and hedge funds.

Tyson Foods Stock Performance

NYSE TSN opened at $67.14 on Thursday. The firm’s fifty day moving average price is $67.11 and its two-hundred day moving average price is $77.89. The stock has a market cap of $24.14 billion, a PE ratio of 7.53 and a beta of 0.72. Tyson Foods, Inc. has a fifty-two week low of $62.94 and a fifty-two week high of $100.72. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.81.

Tyson Foods (NYSE:TSNGet Rating) last posted its earnings results on Monday, November 14th. The company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.07). The company had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.49 billion. Tyson Foods had a return on equity of 16.62% and a net margin of 6.08%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.30 EPS. On average, equities analysts expect that Tyson Foods, Inc. will post 6.63 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Tuesday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.46. Tyson Foods’s payout ratio is presently 20.63%.

Insiders Place Their Bets

In other Tyson Foods news, insider Shane Miller sold 6,608 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $67.75, for a total transaction of $447,692.00. Following the sale, the insider now owns 30,921 shares of the company’s stock, valued at $2,094,897.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TSN shares. Barclays dropped their price target on shares of Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 9th. Credit Suisse Group dropped their price target on shares of Tyson Foods to $75.00 in a research report on Thursday, November 17th. Bank of America downgraded shares of Tyson Foods from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $73.00 to $61.00 in a research report on Wednesday, November 9th. JPMorgan Chase & Co. dropped their price target on shares of Tyson Foods from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, November 15th. Finally, Stephens decreased their price objective on shares of Tyson Foods from $100.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $81.22.

About Tyson Foods

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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 live market 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; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

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

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