Capital One National Association trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 37.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,197 shares of the company’s stock after selling 2,503 shares during the period. Capital One National Association’s holdings in Tyson Foods were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. grew its holdings in Tyson Foods by 10.0% in the 3rd quarter. Prudential Financial Inc. now owns 3,107,758 shares of the company’s stock valued at $218,942,000 after buying an additional 283,327 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Tyson Foods by 2,014.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 319,534 shares of the company’s stock valued at $22,511,000 after buying an additional 304,421 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in Tyson Foods by 130.5% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 241,411 shares of the company’s stock valued at $15,849,000 after buying an additional 136,695 shares in the last quarter. TIAA FSB acquired a new position in Tyson Foods in the 3rd quarter valued at $3,813,000. Finally, Ameriprise Financial Inc. grew its holdings in Tyson Foods by 12.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock valued at $621,587,000 after buying an additional 980,069 shares in the last quarter. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tyson Foods, Inc. (NYSE TSN) opened at $75.84 on Thursday. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. Tyson Foods, Inc. has a 1 year low of $57.20 and a 1 year high of $84.65. The firm has a market capitalization of $27,860.00, a price-to-earnings ratio of 15.35 and a beta of 0.17.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $9.88 billion. During the same period in the prior year, the company earned $1.59 EPS. Tyson Foods’s revenue for the quarter was up 11.4% on a year-over-year basis. analysts predict that Tyson Foods, Inc. will post 6.67 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.20 annualized dividend and a dividend yield of 1.58%. Tyson Foods’s dividend payout ratio is currently 24.29%.

In related news, insider Stephen R. Stouffer sold 7,754 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $79.55, for a total transaction of $616,830.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey K. Schomburger acquired 2,700 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $74.83 per share, with a total value of $202,041.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 396,342 shares of company stock valued at $32,624,994. 1.55% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on TSN. Credit Suisse Group set a $78.00 target price on Tyson Foods and gave the company a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research downgraded Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Jefferies Group reiterated a “buy” rating on shares of Tyson Foods in a research report on Thursday, February 8th. KeyCorp reiterated a “buy” rating and set a $88.00 target price on shares of Tyson Foods in a research report on Thursday, December 21st. Finally, Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Wednesday, November 15th. Seven investment 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 has a consensus rating of “Buy” and an average 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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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