Arvest Bank Trust Division Decreases Position in Tyson Foods, Inc. (NYSE:TSN)

Arvest Bank Trust Division trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 12.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,845 shares of the company’s stock after selling 1,140 shares during the quarter. Arvest Bank Trust Division’s holdings in Tyson Foods were worth $545,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Legacy Private Trust Co. grew its position in Tyson Foods by 138.1% during the first quarter. Legacy Private Trust Co. now owns 37,673 shares of the company’s stock worth $2,616,000 after buying an additional 21,848 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in Tyson Foods during the first quarter worth about $31,000. DNB Asset Management AS grew its position in Tyson Foods by 24.1% during the first quarter. DNB Asset Management AS now owns 80,875 shares of the company’s stock worth $5,615,000 after buying an additional 15,722 shares in the last quarter. Trust Co. of Oklahoma acquired a new stake in Tyson Foods during the first quarter worth about $361,000. Finally, Pacer Advisors Inc. acquired a new stake in Tyson Foods during the first quarter worth about $1,962,000. 70.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:TSN traded down $0.03 during trading on Friday, reaching $75.09. The stock had a trading volume of 3,032,802 shares, compared to its average volume of 2,732,327. The company has a current ratio of 0.85, a quick ratio of 0.34 and a debt-to-equity ratio of 0.61. Tyson Foods, Inc. has a 52 week low of $49.77 and a 52 week high of $75.70. The stock has a market capitalization of $27.48 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 1.41 and a beta of 0.51.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Thursday, February 7th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.03. Tyson Foods had a net margin of 4.86% and a return on equity of 17.25%. The firm had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the previous year, the company posted $1.81 EPS. Tyson Foods’s revenue was down .4% on a year-over-year basis. As a group, analysts forecast that Tyson Foods, Inc. will post 5.93 EPS for the current fiscal year.

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 given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 24.35%.

In other Tyson Foods news, EVP Scott Rouse sold 2,500 shares of Tyson Foods stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chad Roderick Martin sold 8,233 shares of Tyson Foods stock in a transaction on Friday, February 22nd. The stock was 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. Insiders own 1.69% of the company’s stock.

TSN has been the topic of a number of recent research reports. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Tuesday, April 9th. Jefferies Financial Group reissued a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Sunday, February 17th. Vertical Group upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Mizuho restated a “buy” rating and set a $82.00 price target on shares of Tyson Foods in a research note on Friday, February 8th. Finally, ValuEngine upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price 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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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