Mirabella Financial Services LLP Has $1.91 Million Position in Tyson Foods, Inc. $TSN

Mirabella Financial Services LLP lessened its holdings in Tyson Foods, Inc. (NYSE:TSN) by 95.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,896 shares of the company’s stock after selling 795,186 shares during the period. Mirabella Financial Services LLP’s holdings in Tyson Foods were worth $1,905,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Zions Bancorporation National Association UT acquired a new position in shares of Tyson Foods in the 1st quarter worth approximately $28,000. NewSquare Capital LLC grew its holdings in shares of Tyson Foods by 175.3% in the 2nd quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock worth $29,000 after purchasing an additional 326 shares during the last quarter. Matrix Trust Co increased its position in shares of Tyson Foods by 28,200.0% during the 2nd quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares in the last quarter. First Command Advisory Services Inc. boosted its position in Tyson Foods by 389.8% in the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after buying an additional 460 shares in the last quarter. Finally, MTM Investment Management LLC bought a new stake in Tyson Foods during the second quarter worth about $36,000. 67.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tyson Foods news, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction dated 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 owned 31,833 shares of the company’s stock, valued at $1,820,529.27. This trade represents a 17.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman John H. Tyson sold 100,301 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the sale, the chairman directly owned 2,989,415 shares in the company, valued at approximately $173,535,540.75. This represents a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Tyson Foods in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $60.00 target price for the company. Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Bank of America cut their price target on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. BMO Capital Markets raised their price objective on shares of Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, November 11th. Finally, Santander initiated coverage on shares of Tyson Foods in a research report on Thursday, September 25th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $60.75.

Tyson Foods Stock Down 1.2%

Shares of NYSE:TSN opened at $56.10 on Friday. The company has a 50 day moving average of $53.74 and a 200-day moving average of $54.79. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $64.36. The stock has a market cap of $19.81 billion, a price-to-earnings ratio of 42.18, a P/E/G ratio of 1.30 and a beta of 0.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.55 and a quick ratio of 0.66.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. Tyson Foods had a return on equity of 7.95% and a net margin of 0.87%.The firm had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.08 billion. During the same quarter last year, the business earned $0.92 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current year.

Tyson Foods announced that its Board of Directors has initiated a stock repurchase plan on Thursday, August 7th that allows the company to buyback 43,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Tyson Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given 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 payout ratio is presently 153.38%.

About Tyson Foods

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.