Barrow Hanley Mewhinney & Strauss LLC Has $82.09 Million Stake in Tyson Foods, Inc. (TSN)
Barrow Hanley Mewhinney & Strauss LLC reduced its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,165,154 shares of the company’s stock after selling 4,932 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.32% of Tyson Foods worth $82,085,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Sun Life Financial INC lifted its holdings in Tyson Foods by 21,000.0% in the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after buying an additional 2,100 shares during the period. Stevens First Principles Investment Advisors purchased a new stake in Tyson Foods in the third quarter worth about $141,000. Archford Capital Strategies LLC lifted its holdings in Tyson Foods by 27,492.3% in the second 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. IFP Advisors Inc lifted its holdings in Tyson Foods by 17.0% in the second quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock worth $155,000 after buying an additional 359 shares during the period. Finally, Horan Capital Advisors LLC. purchased a new stake in Tyson Foods in the third quarter worth about $155,000. Institutional investors own 71.57% of the company’s stock.
Several brokerages have commented on TSN. ValuEngine upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, November 20th. upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a report on Wednesday, November 15th. BMO Capital Markets raised their price objective on shares of Tyson Foods to $89.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Zacks Investment Research lowered shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 28th. Finally, Pivotal Research raised shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 target price for the company in a research note on Monday, November 13th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $73.71.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.05. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.93 billion. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. research analysts forecast that Tyson Foods, Inc. will post 5.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.48%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s dividend payout ratio (DPR) is 25.05%.
In related 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bebber David L. Van sold 164,348 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $83.26, for a total transaction of $13,683,614.48. The disclosure for this sale can be found here. Insiders have sold 318,893 shares of company stock valued at $26,314,927 in the last three months. 2.65% of the stock is owned by insiders.
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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