Tyson Foods, Inc. (TSN) Shares Bought by Barings LLC
Barings LLC grew its stake in Tyson Foods, Inc. (NYSE:TSN) by 1,434.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,124 shares of the company’s stock after purchasing an additional 139,403 shares during the period. Barings LLC’s holdings in Tyson Foods were worth $12,089,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of TSN. Cerebellum GP LLC acquired a new stake in Tyson Foods during the 4th quarter worth approximately $124,000. Stevens First Principles Investment Advisors acquired a new stake in Tyson Foods during the 3rd quarter worth approximately $141,000. Archford Capital Strategies LLC boosted its position in Tyson Foods by 27,492.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock worth $149,000 after buying an additional 3,574 shares during the period. Horan Capital Advisors LLC. acquired a new stake in Tyson Foods during the 3rd quarter worth approximately $155,000. Finally, Cadence Bank NA acquired a new stake in Tyson Foods during the 3rd quarter worth approximately $200,000. Institutional investors own 70.80% of the company’s stock.
Several equities research analysts recently commented on the stock. Mizuho set a $92.00 target price on shares of Tyson Foods and gave the stock a “buy” rating in a research report on Friday, February 9th. Jefferies Group reiterated a “buy” rating on shares of Tyson Foods in a research report on Thursday, February 8th. Piper Jaffray Companies set a $92.00 target price on shares of Tyson Foods and gave the stock a “buy” rating in a research report on Friday, February 9th. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Monday. Finally, Credit Suisse Group set a $78.00 target price on shares of Tyson Foods and gave the stock a “hold” rating in a research report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $76.31.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.30. The company had revenue of $10.23 billion during the quarter, compared to analyst estimates of $9.88 billion. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. Tyson Foods’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 EPS. equities research analysts forecast that Tyson Foods, Inc. will post 6.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a $0.30 dividend. The ex-dividend date is Thursday, May 31st. This represents a $1.20 annualized dividend and a dividend yield of 1.61%. Tyson Foods’s dividend payout ratio is currently 15.67%.
In other news, General Counsel Bebber David L. Van sold 164,348 shares of Tyson Foods stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $83.26, for a total value of $13,683,614.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott Rouse sold 1,000 shares of Tyson Foods stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $77.26, for a total transaction of $77,260.00. The disclosure for this sale can be found here. Insiders sold a total of 397,342 shares of company stock valued at $32,702,254 in the last quarter. 1.55% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION NOTICE: “Tyson Foods, Inc. (TSN) Shares Bought by Barings LLC” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.watchlistnews.com/tyson-foods-inc-tsn-shares-bought-by-barings-llc/1864818.html.
Tyson Foods Company 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.
Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).
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.