Tyson Foods, Inc. (TSN) Position Cut by WINTON GROUP Ltd
WINTON GROUP Ltd cut its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 83.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,082 shares of the company’s stock after selling 140,673 shares during the period. WINTON GROUP Ltd’s holdings in Tyson Foods were worth $1,978,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Financial Counselors Inc. boosted its holdings in Tyson Foods by 0.3% during the second quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock worth $301,000 after buying an additional 15 shares in the last quarter. Lumbard & Kellner LLC lifted its holdings in Tyson Foods by 0.4% during the second quarter. Lumbard & Kellner LLC now owns 39,875 shares of the company’s stock valued at $2,497,000 after purchasing an additional 150 shares in the last quarter. Quantum Capital Management lifted its holdings in Tyson Foods by 4.3% during the second quarter. Quantum Capital Management now owns 3,863 shares of the company’s stock valued at $242,000 after purchasing an additional 161 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Tyson Foods by 0.5% during the second quarter. CIBC Asset Management Inc now owns 34,779 shares of the company’s stock valued at $2,178,000 after purchasing an additional 166 shares in the last quarter. Finally, Advisor Partners LLC lifted its holdings in Tyson Foods by 4.1% during the second quarter. Advisor Partners LLC now owns 5,250 shares of the company’s stock valued at $329,000 after purchasing an additional 206 shares in the last quarter. 71.57% of the stock is currently owned by hedge funds and other institutional investors.
TSN has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 28th. KeyCorp initiated coverage on shares of Tyson Foods in a research report on Tuesday, October 31st. They issued an “overweight” rating and a $82.00 target price for the company. Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Wednesday, November 15th. Jefferies Group set a $85.00 target price on shares of Tyson Foods and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Morgan Stanley started coverage on shares of Tyson Foods in a research report on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 target price for the company. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Tyson Foods currently has an average rating of “Buy” and a consensus target price of $73.71.
In other Tyson Foods news, insider Scott Rouse sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $77.26, for a total transaction of $77,260.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Curt Calaway sold 21,200 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $81.01, for a total transaction of $1,717,412.00. The disclosure for this sale can be found here. In the last three months, insiders sold 154,485 shares of company stock valued at $12,626,308. Insiders own 2.65% of the company’s stock.
Tyson Foods, Inc. (TSN) traded up $0.14 during midday trading on Monday, hitting $82.39. 2,763,600 shares of the stock traded hands, compared to its average volume of 2,650,770. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. Tyson Foods, Inc. has a twelve month low of $56.40 and a twelve month high of $82.84. The stock has a market capitalization of $30,296.29, a price-to-earnings ratio of 15.52 and a beta of 0.36.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 13th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.05. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.93 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. analysts forecast that Tyson Foods, Inc. will post 5.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.30 dividend. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.46%. Tyson Foods’s dividend payout ratio (DPR) is presently 25.05%.
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Tyson Foods Profile
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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