Farmers Trust Co. Has $6,336,000 Stake in Tyson Foods Inc. (TSN)
Farmers Trust Co. decreased its position in Tyson Foods Inc. (NYSE:TSN) by 8.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 84,846 shares of the company’s stock after selling 7,422 shares during the period. Tyson Foods comprises 2.2% of Farmers Trust Co.’s portfolio, making the stock its 11th largest position. Farmers Trust Co.’s holdings in Tyson Foods were worth $6,336,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in TSN. Vanguard Group Inc. boosted its position in Tyson Foods by 4.8% in the second quarter. Vanguard Group Inc. now owns 28,226,216 shares of the company’s stock worth $1,885,228,000 after buying an additional 1,298,587 shares during the last quarter. State Street Corp boosted its position in Tyson Foods by 0.4% in the second quarter. State Street Corp now owns 12,906,720 shares of the company’s stock worth $862,034,000 after buying an additional 54,228 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Tyson Foods by 6.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,589,898 shares of the company’s stock worth $573,719,000 after buying an additional 483,951 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Tyson Foods by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 7,999,802 shares of the company’s stock worth $534,307,000 after buying an additional 79,878 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Tyson Foods by 9.5% in the second quarter. Ameriprise Financial Inc. now owns 7,573,609 shares of the company’s stock worth $505,853,000 after buying an additional 655,290 shares during the last quarter. 69.85% of the stock is owned by institutional investors and hedge funds.
Tyson Foods Inc. (NYSE:TSN) traded down 3.367% during mid-day trading on Wednesday, reaching $56.975. The company’s stock had a trading volume of 5,451,981 shares. Tyson Foods Inc. has a 52-week low of $48.52 and a 52-week high of $77.05. The company has a market cap of $21.31 billion, a price-to-earnings ratio of 12.577 and a beta of 0.18. The firm has a 50 day moving average price of $68.03 and a 200 day moving average price of $69.54.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, November 21st. The company reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.20. Tyson Foods had a return on equity of 17.57% and a net margin of 4.79%. The business had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.38 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. The business’s revenue was down 12.8% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods Inc. will post $4.59 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a dividend of $0.225 per share. This is an increase from Tyson Foods’s previous quarterly dividend of $0.15. This represents a $0.90 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, February 27th. Tyson Foods’s dividend payout ratio (DPR) is presently 13.25%.
A number of research analysts have issued reports on TSN shares. Pivotal Research reissued a “buy” rating and issued a $100.00 target price on shares of Tyson Foods in a research note on Wednesday, August 10th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Tuesday, August 9th. BMO Capital Markets reissued a “buy” rating and issued a $84.00 target price on shares of Tyson Foods in a research note on Tuesday, November 22nd. Jefferies Group decreased their target price on Tyson Foods from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, November 22nd. Finally, JPMorgan Chase & Co. reissued a “focus list” rating on shares of Tyson Foods in a research note on Tuesday, October 4th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $69.41.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
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