Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lowered its stake in shares of Tyson Foods, Inc. (NYSE:TSNFree Report) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,733 shares of the company’s stock after selling 1,436 shares during the period. Banque Cantonale Vaudoise’s holdings in Tyson Foods were worth $643,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Check Capital Management Inc. CA acquired a new position in Tyson Foods in the third quarter valued at $204,000. Markel Group Inc. increased its position in Tyson Foods by 28.3% during the 3rd quarter. Markel Group Inc. now owns 577,500 shares of the company’s stock worth $29,158,000 after purchasing an additional 127,500 shares in the last quarter. LPL Financial LLC raised its holdings in Tyson Foods by 26.7% in the second quarter. LPL Financial LLC now owns 256,993 shares of the company’s stock valued at $13,117,000 after buying an additional 54,143 shares during the period. Triumph Capital Management lifted its position in Tyson Foods by 41.7% during the second quarter. Triumph Capital Management now owns 22,916 shares of the company’s stock valued at $1,170,000 after buying an additional 6,740 shares in the last quarter. Finally, ING Groep NV grew its stake in Tyson Foods by 262.1% during the third quarter. ING Groep NV now owns 35,836 shares of the company’s stock worth $1,809,000 after buying an additional 25,938 shares during the period. Institutional investors and hedge funds own 63.68% of the company’s stock.

Insider Transactions at Tyson Foods

In related news, Chairman John H. Tyson sold 133,277 shares of Tyson Foods stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $46.16, for a total value of $6,152,066.32. Following the sale, the chairman now directly owns 2,739,150 shares in the company, valued at approximately $126,439,164. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

TSN has been the subject of several recent research reports. Citigroup started coverage on shares of Tyson Foods in a research report on Thursday, February 1st. They issued a “neutral” rating and a $56.00 price objective for the company. Stephens restated an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. StockNews.com raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, BMO Capital Markets upped their price target on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.64.

Get Our Latest Research Report on TSN

Tyson Foods Price Performance

NYSE TSN opened at $55.39 on Wednesday. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $63.49. The company has a 50-day simple moving average of $53.03 and a 200-day simple moving average of $51.51. The company has a quick ratio of 0.52, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

Tyson Foods (NYSE:TSNGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. The business had revenue of $13.32 billion for the quarter, compared to analysts’ expectations of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. Equities analysts forecast that Tyson Foods, Inc. will post 2.1 earnings per share for the current year.

Tyson Foods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.49 per share. This is an increase from Tyson Foods’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, February 29th. This represents a $1.96 annualized dividend and a dividend yield of 3.54%. Tyson Foods’s payout ratio is -79.35%.

Tyson Foods Profile

(Free Report)

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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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