Rockefeller Capital Management LP lessened its stake in shares of Tyson Foods, Inc. (NYSE: TSN – Get Rating) by 56.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,338 shares of the company stock after selling 3,080 shares during the period. Rockefeller Capital Management LP’s holdings in Tyson Foods were worth $ 203,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of Tyson Foods by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 5,975,278 shares of the company stock worth $ 520,055,000 after purchasing an additional 83,521 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Tyson Foods by 2.8% during the 4th quarter. Victory Capital Management Inc. now owns 5,796,752 shares of the company stock worth $ 505,244,000 after purchasing an additional 155,745 shares during the last quarter. Northern Trust Corp raised its position in shares of Tyson Foods by 3.5% during the 4th quarter. Northern Trust Corp now owns 5,227,970 shares of the company stock worth $ 455,670,000 after purchasing an additional 178,267 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Tyson Foods by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,671,782 shares of the company stock worth $ 407,193,000 after purchasing an additional 175,358 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Tyson Foods by 6.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,398,545 shares of the company stock valued at $ 268,281,000 after acquiring an additional 207,020 shares during the last quarter. Hedge funds and other institutional investors own 66.94% of the company stock.
TSN has been the subject of a number of recent research reports. Credit Suisse Group increased their price objective on shares of Tyson Foods from $ 88.00 to $ 100.00 and gave the company a “neutral” rating in a report on Tuesday, February 8th. Piper Sandler downgraded shares of Tyson Foods from a “neutral” rating to an “underweight” rating and cut their price target for the company from $ 87.00 to $ 81.00 in a report on Tuesday, May 3rd. JPMorgan Chase & Co. increased their price objective on shares of Tyson Foods from $ 88.00 to $ 91.00 and gave the company a “neutral” rating in a report on Tuesday, February 8th. Barclays downgraded shares of Tyson Foods from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $ 95.00 to $ 100.00 in a report on Monday, February 14th. Finally, StockNews.com cut shares of Tyson Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $ 98.00.
NYSE: TSN opened at $ 88.38 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.86 and a current ratio of 1.93. The stock has a market capitalization of $ 32.03 billion, a P / E ratio of 7.96, a PEG ratio of 1.29 and a beta of 0.69. The company has a 50 day moving average price of $ 91.29 and a 200 day moving average price of $ 89.75. Tyson Foods, Inc. has a fifty-two week low of $ 69.88 and a fifty-two week high of $ 100.72.
Tyson Foods (NYSE: TSN – Get Rating) last posted its quarterly earnings data on Monday, May 9th. The company reported $ 2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $ 1.83 by $ 0.46. The firm had revenue of $ 13.12 billion during the quarter, compared to analysts’ expectations of $ 12.84 billion. Tyson Foods had a net margin of 7.90% and a return on equity of 21.13%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $ 1.34 EPS. Research analysts forecast that Tyson Foods, Inc. will post 9.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $ 0.46 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $ 1.84 dividend on an annualized basis and a dividend yield of 2.08%. Tyson Foods’s payout ratio is currently 16.56%.
In other Tyson Foods news, Director Noel W. White sold 22,540 shares of the business’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $ 87.19, for a total value of $ 1,965,262.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Amy Tu sold 3,346 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $ 90.30, for a total transaction of $ 302,143.80. Following the completion of the transaction, the executive vice president now owns 51,381 shares of the company stock, valued at approximately $ 4,639,704.30. The disclosure for this sale can be found here. Company insiders own 1.85% of the company stock.
Tyson Foods Profile: (Get Rating)
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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats.
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