Fiduciary Trust Co. lowered its holdings in Tyson Foods, Inc. (NYSE:TSN) by 58.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,270 shares of the company’s stock after selling 4,542 shares during the quarter. Fiduciary Trust Co.’s holdings in Tyson Foods were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TSN. IFP Advisors Inc raised its stake in shares of Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock worth $130,000 after purchasing an additional 182 shares during the last quarter. Swiss National Bank increased its position in Tyson Foods by 24.3% during the first quarter. Swiss National Bank now owns 1,029,565 shares of the company’s stock valued at $63,534,000 after acquiring an additional 201,000 shares during the last quarter. World Asset Management Inc increased its position in Tyson Foods by 12.9% during the first quarter. World Asset Management Inc now owns 31,877 shares of the company’s stock valued at $1,967,000 after acquiring an additional 3,630 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Tyson Foods by 1.0% during the first quarter. UBS Asset Management Americas Inc. now owns 1,554,535 shares of the company’s stock valued at $95,930,000 after acquiring an additional 15,700 shares during the last quarter. Finally, British Columbia Investment Management Corp increased its position in Tyson Foods by 35.6% during the first quarter. British Columbia Investment Management Corp now owns 236,094 shares of the company’s stock valued at $14,569,000 after acquiring an additional 62,002 shares during the last quarter. Hedge funds and other institutional investors own 70.85% of the company’s stock.

In related news, Director Mikel A. Durham acquired 2,809 shares of Tyson Foods stock in a transaction on Monday, August 14th. The stock was acquired at an average price of $65.77 per share, for a total transaction of $184,747.93. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $65.97, for a total value of $9,572,247.00. The disclosure for this sale can be found here. Company insiders own 2.65% of the company’s stock.

TSN has been the subject of a number of research reports. ValuEngine cut Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Barclays PLC initiated coverage on Tyson Foods in a research report on Tuesday, June 6th. They set an “overweight” rating and a $70.00 price objective for the company. Mizuho initiated coverage on Tyson Foods in a research report on Wednesday, June 7th. They set a “buy” rating and a $71.00 price objective for the company. Vertical Research upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a research report on Thursday, June 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $69.79.

Shares of Tyson Foods, Inc. (TSN) opened at 65.50 on Tuesday. The company has a market cap of $24.03 billion, a price-to-earnings ratio of 13.81 and a beta of 0.26. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $76.93. The firm’s 50-day moving average price is $64.14 and its 200 day moving average price is $62.18.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.10. The business had revenue of $9.85 billion during the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. On average, analysts predict that Tyson Foods, Inc. will post $5.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.225 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.37%. Tyson Foods’s payout ratio is currently 18.95%.

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About Tyson Foods

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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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