Tyson Foods, Inc. (TSN) Position Trimmed by Farmers Trust Co.
Farmers Trust Co. trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 9.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,566 shares of the company’s stock after selling 691 shares during the period. Farmers Trust Co.’s holdings in Tyson Foods were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings in shares of Tyson Foods by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 1,936,309 shares of the company’s stock valued at $115,268,000 after purchasing an additional 55,492 shares during the last quarter. CI Investments Inc. acquired a new position in shares of Tyson Foods in the third quarter valued at $7,304,000. Martingale Asset Management L P increased its holdings in shares of Tyson Foods by 11.4% in the third quarter. Martingale Asset Management L P now owns 731,254 shares of the company’s stock valued at $43,532,000 after purchasing an additional 74,935 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Tyson Foods by 47.9% in the third quarter. Franklin Resources Inc. now owns 68,482 shares of the company’s stock valued at $4,076,000 after purchasing an additional 22,178 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its holdings in shares of Tyson Foods by 279.0% in the third quarter. Standard Life Aberdeen plc now owns 528,265 shares of the company’s stock valued at $31,448,000 after purchasing an additional 388,875 shares during the last quarter. Institutional investors and hedge funds own 70.28% of the company’s stock.
TSN has been the topic of several research reports. Zacks Investment Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Monday, January 14th. ValuEngine upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a report on Sunday, February 17th. Vertical Group upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. Finally, Stephens initiated coverage on shares of Tyson Foods in a report on Monday, March 4th. They issued an “overweight” rating and a $62.26 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.95.
Shares of Tyson Foods stock opened at $69.57 on Wednesday. The stock has a market capitalization of $25.78 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.31 and a beta of 0.48. Tyson Foods, Inc. has a 52-week low of $49.77 and a 52-week high of $72.42. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.34.
Tyson Foods (NYSE:TSN) last announced its earnings results on Thursday, February 7th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.03. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Tyson Foods had a net margin of 4.86% and a return on equity of 17.25%. Tyson Foods’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.81 earnings per share. As a group, analysts anticipate that Tyson Foods, Inc. will post 5.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.16%. Tyson Foods’s payout ratio is presently 24.35%.
Tyson Foods Company Profile
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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
Further Reading: Stop Order Uses For Individual Investors
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.