Farmers & Merchants Trust Co of Chambersburg PA lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 1.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,030 shares of the company’s stock after selling 175 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Tyson Foods were worth $536,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in TSN. Legacy Financial Advisors Inc. purchased a new stake in shares of Tyson Foods in the fourth quarter worth approximately $31,000. Cerebellum GP LLC purchased a new stake in shares of Tyson Foods in the third quarter worth approximately $170,000. Exane Asset Management purchased a new stake in shares of Tyson Foods in the third quarter worth approximately $201,000. BKS Advisors LLC lifted its position in shares of Tyson Foods by 28.3% in the third quarter. BKS Advisors LLC now owns 3,786 shares of the company’s stock worth $225,000 after purchasing an additional 836 shares in the last quarter. Finally, Sawtooth Solutions LLC acquired a new position in Tyson Foods in the third quarter worth approximately $232,000. Hedge funds and other institutional investors own 70.77% of the company’s stock.
In other news, Director Robert C. Thurber sold 500 shares of the business’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $54.45, for a total transaction of $27,225.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gaurdie E. Jr. Banister bought 6,897 shares of the firm’s stock in a transaction dated Thursday, December 6th. The shares were bought at an average price of $58.01 per share, with a total value of $400,094.97. The disclosure for this purchase can be found here. 1.69% of the stock is owned by company insiders.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Thursday, February 7th. The company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.03. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.33 billion. Tyson Foods had a return on equity of 17.25% and a net margin of 4.86%. The company’s revenue was down .4% on a year-over-year basis. During the same period last year, the company earned $1.81 earnings per share. Equities analysts anticipate that Tyson Foods, Inc. will post 5.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.375 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.50 dividend on an annualized basis and a yield of 2.47%. Tyson Foods’s payout ratio is 24.35%.
A number of equities analysts recently commented on TSN shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $60.00 price objective on shares of Tyson Foods in a report on Tuesday, December 11th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Wednesday, January 23rd. Vertical Group upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. Standpoint Research initiated coverage on Tyson Foods in a report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price target on the stock. Finally, ValuEngine cut Tyson Foods from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.93.
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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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