Denali Advisors LLC reduced its stake in Tyson Foods, Inc. (NYSE:TSN) by 6.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 225,300 shares of the company’s stock after selling 14,500 shares during the quarter. Tyson Foods accounts for 2.5% of Denali Advisors LLC’s investment portfolio, making the stock its 4th largest position. Denali Advisors LLC owned 0.06% of Tyson Foods worth $15,643,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Blueshift Asset Management LLC purchased a new position in Tyson Foods during the 4th quarter worth $1,174,000. DNB Asset Management AS grew its position in Tyson Foods by 24.1% during the 1st quarter. DNB Asset Management AS now owns 80,875 shares of the company’s stock worth $5,615,000 after purchasing an additional 15,722 shares during the last quarter. Machina Capital S.A.S. purchased a new position in Tyson Foods during the 4th quarter worth $227,000. Macquarie Group Ltd. grew its position in Tyson Foods by 1.3% during the 4th quarter. Macquarie Group Ltd. now owns 252,908 shares of the company’s stock worth $13,505,000 after purchasing an additional 3,332 shares during the last quarter. Finally, Brookfield Asset Management Inc. purchased a new position in Tyson Foods during the 3rd quarter worth $2,738,000. Institutional investors own 70.56% of the company’s stock.
Shares of NYSE TSN traded down $0.03 during midday trading on Friday, hitting $75.09. The company had a trading volume of 3,032,802 shares, compared to its average volume of 2,732,327. The company has a quick ratio of 0.34, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. Tyson Foods, Inc. has a twelve month low of $49.77 and a twelve month high of $75.70. The stock has a market capitalization of $27.48 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.41 and a beta of 0.51.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is 24.35%.
In other Tyson Foods news, EVP Scott Rouse sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $64.22, for a total transaction of $160,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad Roderick Martin sold 8,233 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $62.36, for a total transaction of $513,409.88. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
Several research analysts have issued reports on TSN shares. Mizuho reissued a “buy” rating and set a $82.00 price objective on shares of Tyson Foods in a research report on Friday, February 8th. Stephens started coverage on shares of Tyson Foods in a research report on Monday, March 4th. They set an “overweight” rating and a $62.26 price objective on the stock. Vertical Group raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Jefferies Financial Group reissued a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a research report on Sunday, February 17th. Finally, Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $71.16.
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About Tyson Foods
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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