Anderson Fisher LLC reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 0.7% during the 1st quarter, Holdings Channel reports. The firm owned 33,853 shares of the company’s stock after selling 224 shares during the period. Anderson Fisher LLC’s holdings in Tyson Foods were worth $2,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Tyson Foods by 1.9% during the 4th quarter. BlackRock Inc. now owns 20,737,692 shares of the company’s stock worth $1,107,393,000 after purchasing an additional 391,411 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Tyson Foods by 7,093.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,030,741 shares of the company’s stock valued at $169,000 after acquiring an additional 8,905,199 shares during the period. LSV Asset Management raised its stake in Tyson Foods by 6.1% in the 1st quarter. LSV Asset Management now owns 6,769,224 shares of the company’s stock valued at $469,987,000 after acquiring an additional 387,480 shares during the period. Northern Trust Corp raised its stake in Tyson Foods by 0.5% in the 1st quarter. Northern Trust Corp now owns 5,615,170 shares of the company’s stock valued at $389,861,000 after acquiring an additional 25,628 shares during the period. Finally, Geode Capital Management LLC raised its stake in Tyson Foods by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 4,527,942 shares of the company’s stock valued at $241,434,000 after acquiring an additional 278,988 shares during the period. 69.70% of the stock is owned by institutional investors.
Shares of TSN stock opened at $82.31 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 1.38 and a debt-to-equity ratio of 0.80. Tyson Foods, Inc. has a fifty-two week low of $49.77 and a fifty-two week high of $83.36. The company has a market capitalization of $30.11 billion, a price-to-earnings ratio of 13.36 and a beta of 0.46.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.82%. Tyson Foods’s dividend payout ratio is presently 24.35%.
TSN has been the topic of a number of research reports. ValuEngine upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Zacks Investment Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a report on Sunday, February 17th. Pivotal Research lifted their target price on Tyson Foods from $40.00 to $50.00 and gave the company a “sell” rating in a report on Monday, May 6th. Finally, Stephens initiated coverage on Tyson Foods in a report on Monday, March 4th. They set an “overweight” rating and a $62.26 target price for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, ten 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 a consensus price target of $77.94.
In related news, insider Stephen R. Stouffer sold 12,000 shares of the company’s stock in a transaction that occurred 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 available at this link. Also, EVP Mary Oleksiuk sold 44,967 shares of the company’s stock in a transaction that occurred 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. In the last 90 days, insiders have sold 167,923 shares of company stock valued at $13,192,745. 1.69% of the stock is owned by corporate insiders.
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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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