First Allied Advisory Services Inc. reduced its holdings in Tyson Foods, Inc. (NYSE:TSN) by 55.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,357 shares of the company’s stock after selling 7,817 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Tyson Foods were worth $438,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. Huntington National Bank grew its holdings in shares of Tyson Foods by 236.9% in the 4th quarter. Huntington National Bank now owns 539 shares of the company’s stock valued at $29,000 after buying an additional 379 shares during the period. PRW Wealth Management LLC purchased a new position in Tyson Foods in the fourth quarter valued at about $29,000. Moody National Bank Trust Division purchased a new position in Tyson Foods in the first quarter valued at about $31,000. Citizens Financial Group Inc RI purchased a new position in Tyson Foods in the fourth quarter valued at about $37,000. Finally, Ropes Wealth Advisors LLC purchased a new position in Tyson Foods in the first quarter valued at about $39,000. Institutional investors and hedge funds own 69.70% of the company’s stock.
Shares of NYSE:TSN traded down $0.62 during trading on Friday, hitting $81.91. The company’s stock had a trading volume of 3,200,297 shares, compared to its average volume of 2,820,408. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 1.38. Tyson Foods, Inc. has a fifty-two week low of $49.77 and a fifty-two week high of $84.30. The stock has a market cap of $29.89 billion, a price-to-earnings ratio of 13.30 and a beta of 0.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Thursday, August 29th. Tyson Foods’s dividend payout ratio (DPR) is 24.35%.
In other news, insider Stephen R. Stouffer sold 12,000 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $83.02, for a total transaction of $996,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mary Oleksiuk sold 44,967 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $77.09, for a total value of $3,466,506.03. The disclosure for this sale can be found here. Insiders sold a total of 84,433 shares of company stock valued at $6,680,525 over the last three months. Corporate insiders own 1.69% of the company’s stock.
Several research firms have issued reports on TSN. Credit Suisse Group set a $96.00 target price on Tyson Foods and gave the company a “buy” rating in a research note on Thursday. ValuEngine upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday, May 14th. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Wednesday, May 8th. Finally, Piper Jaffray Companies upped their price target on shares of Tyson Foods from $72.00 to $84.00 and gave the company a “positive” rating in a report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.94.
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Tyson Foods Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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