Tyson Foods Inc. (TSN) Shares Sold by Checchi Capital Advisers LLC
Checchi Capital Advisers LLC lowered its position in Tyson Foods Inc. (NYSE:TSN) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,643 shares of the company’s stock after selling 63 shares during the period. Checchi Capital Advisers LLC’s holdings in Tyson Foods were worth $110,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its position in shares of Tyson Foods by 8.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 44,190 shares of the company’s stock worth $2,356,000 after buying an additional 3,300 shares during the last quarter. Norges Bank acquired a new position in shares of Tyson Foods during the fourth quarter worth about $130,296,000. DnB Asset Management AS raised its position in shares of Tyson Foods by 112.0% in the first quarter. DnB Asset Management AS now owns 27,258 shares of the company’s stock worth $1,817,000 after buying an additional 14,400 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its position in shares of Tyson Foods by 7.7% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 71,361 shares of the company’s stock worth $4,757,000 after buying an additional 5,095 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Tyson Foods during the first quarter worth about $373,000. Hedge funds and other institutional investors own 74.47% of the company’s stock.
Tyson Foods Inc. (NYSE:TSN) traded down 0.48% during trading on Friday, hitting $73.25. 8,192,644 shares of the stock traded hands. The company has a 50-day moving average price of $74.49 and a 200-day moving average price of $68.12. Tyson Foods Inc. has a 12 month low of $41.38 and a 12 month high of $77.05. The stock has a market cap of $27.99 billion, a PE ratio of 17.81 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 8th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. The company earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.32 billion. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. Tyson Foods’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 earnings per share. Equities research analysts expect that Tyson Foods Inc. will post $4.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.82%. Tyson Foods’s dividend payout ratio is currently 14.53%.
A number of research analysts have issued reports on TSN shares. BMO Capital Markets lowered shares of Tyson Foods from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $78.00 to $69.00 in a research report on Monday, June 6th. They noted that the move was a valuation call. Jefferies Group restated a “buy” rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, June 7th. Vetr lowered shares of Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 target price on the stock. in a research report on Wednesday, June 22nd. Zacks Investment Research downgraded shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Credit Agricole SA upped their price target on shares of Tyson Foods from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $72.22.
In related news, CEO Donald Smith sold 38,006 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $75.20, for a total transaction of $2,858,051.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John H. Tyson sold 282,478 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $74.22, for a total transaction of $20,965,517.16. The disclosure for this sale can be found here. Corporate insiders own 2.69% of the company’s stock.
About Tyson Foods
Tyson Foods, Inc, is a food production company. The Company’s operations are conducted in five segments: Chicken, Beef, Pork, Prepared Foods and International. Chicken, includes domestic operations related of raising and processing live chickens into fresh, frozen and value-added chicken products, and sales of allied products.
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