Sei Investments Co. Cuts Stake in Tyson Foods, Inc. (TSN)
Sei Investments Co. trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 559,073 shares of the company’s stock after selling 64,332 shares during the quarter. Sei Investments Co.’s holdings in Tyson Foods were worth $45,324,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in shares of Tyson Foods by 12.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after purchasing an additional 980,069 shares during the period. Iridian Asset Management LLC CT raised its holdings in shares of Tyson Foods by 13.0% in the 4th quarter. Iridian Asset Management LLC CT now owns 5,462,289 shares of the company’s stock worth $442,828,000 after purchasing an additional 629,241 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Tyson Foods by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,028,728 shares of the company’s stock worth $283,668,000 after purchasing an additional 14,313 shares during the period. Prudential Financial Inc. raised its holdings in shares of Tyson Foods by 10.0% in the 3rd quarter. Prudential Financial Inc. now owns 3,107,758 shares of the company’s stock worth $218,942,000 after purchasing an additional 283,327 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Tyson Foods by 17.6% in the 3rd quarter. Wells Fargo & Company MN now owns 2,071,118 shares of the company’s stock worth $145,910,000 after purchasing an additional 309,834 shares during the period. Institutional investors own 70.80% of the company’s stock.
In other Tyson Foods news, Director Jeffrey K. Schomburger acquired 2,700 shares of the stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $74.83 per share, for a total transaction of $202,041.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas P. Hayes sold 53,874 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $81.63, for a total value of $4,397,734.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 397,342 shares of company stock valued at $32,702,254. Insiders own 1.55% of the company’s stock.
Tyson Foods (NYSE:TSN) last posted its earnings results on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.30. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The business had revenue of $10.23 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. analysts expect that Tyson Foods, Inc. will post 6.67 EPS for the current year.
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.61%. Tyson Foods’s dividend payout ratio (DPR) is currently 15.79%.
A number of equities analysts have recently commented on TSN shares. Credit Suisse Group set a $78.00 price objective on Tyson Foods and gave the stock a “hold” rating in a report on Friday, February 9th. Zacks Investment Research downgraded Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 6th. Jefferies Group restated a “buy” rating on shares of Tyson Foods in a report on Thursday, February 8th. KeyCorp restated a “buy” rating and issued a $88.00 price objective on shares of Tyson Foods in a report on Thursday, December 21st. Finally, Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Wednesday, November 15th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $76.31.
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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.
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