Tyson Foods, Inc. $TSN Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 12.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,414 shares of the company’s stock after selling 13,783 shares during the quarter. QRG Capital Management Inc.’s holdings in Tyson Foods were worth $5,290,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in Tyson Foods by 93.1% during the third quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after purchasing an additional 228 shares during the period. NewSquare Capital LLC raised its stake in shares of Tyson Foods by 175.3% during the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after buying an additional 326 shares during the last quarter. Matrix Trust Co lifted its holdings in Tyson Foods by 28,200.0% in the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock valued at $32,000 after acquiring an additional 564 shares during the period. First Command Advisory Services Inc. boosted its holdings in Tyson Foods by 389.8% during the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock worth $32,000 after buying an additional 460 shares in the last quarter. Finally, MTM Investment Management LLC acquired a new stake in shares of Tyson Foods during the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Down 0.6%

NYSE TSN opened at $60.08 on Monday. The business has a fifty day moving average price of $57.27 and a 200 day moving average price of $55.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.55. The company has a market cap of $21.21 billion, a P/E ratio of 45.18, a P/E/G ratio of 1.38 and a beta of 0.48. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $64.36.

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

Tyson Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s payout ratio is currently 153.38%.

Insider Buying and Selling

In other news, CFO Curt Calaway sold 6,539 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the transaction, the chief financial officer directly owned 31,833 shares in the company, valued at $1,820,529.27. The trade was a 17.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman John H. Tyson sold 100,301 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $58.05, for a total value of $5,822,473.05. Following the completion of the sale, the chairman owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Santander initiated coverage on Tyson Foods in a research report on Thursday, September 25th. They set a “neutral” rating on the stock. Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tyson Foods in a report on Monday, December 29th. BMO Capital Markets set a $67.00 price objective on shares of Tyson Foods and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Bank of America dropped their target price on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $61.91.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.