Avantax Advisory Services Inc. lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,790 shares of the company’s stock after selling 665 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Tyson Foods were worth $580,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Arlington Partners LLC acquired a new stake in Tyson Foods in the 2nd quarter valued at $25,000. GHP Investment Advisors Inc. grew its position in shares of Tyson Foods by 79.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 372 shares of the company’s stock valued at $25,000 after acquiring an additional 165 shares during the period. Core Alternative Capital raised its holdings in shares of Tyson Foods by 136.2% in the 2nd quarter. Core Alternative Capital now owns 307 shares of the company’s stock valued at $26,000 after purchasing an additional 177 shares during the period. Hallmark Capital Management Inc. acquired a new stake in Tyson Foods in the 2nd quarter valued at about $26,000. Finally, Artemis Wealth Advisors LLC bought a new position in Tyson Foods during the second quarter worth about $31,000. 66.64% of the stock is owned by institutional investors.
Analyst Ratings Changes
TSN has been the topic of several research analyst reports. Credit Suisse Group dropped their price objective on Tyson Foods to $75.00 in a research note on Thursday, November 17th. The Goldman Sachs Group reduced their price objective on shares of Tyson Foods from $111.00 to $97.00 and set a “buy” rating for the company in a research report on Monday, November 7th. StockNews.com downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, November 18th. Sanford C. Bernstein cut their target price on shares of Tyson Foods to $76.00 in a research note on Monday, December 12th. Finally, Bank of America lowered shares of Tyson Foods from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $73.00 to $61.00 in a research note on Wednesday, November 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods currently has a consensus rating of “Hold” and a consensus price target of $75.00.
Tyson Foods Stock Up 2.2 %
Tyson Foods (NYSE:TSN – Get Rating) last posted its quarterly earnings data on Monday, November 14th. The company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.07). The company had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.49 billion. Tyson Foods had a return on equity of 16.62% and a net margin of 6.08%. Tyson Foods’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $2.30 EPS. Equities research analysts forecast that Tyson Foods, Inc. will post 6.36 EPS for the current year.
Tyson Foods Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a $0.48 dividend. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Tuesday, February 28th. Tyson Foods’s dividend payout ratio (DPR) is currently 21.52%.
In related news, insider Shane Miller sold 5,000 shares of the stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $64.44, for a total transaction of $322,200.00. Following the sale, the insider now owns 30,921 shares in the company, valued at approximately $1,992,549.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.96% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc engages in the production of frozen and refrigerated food products. It operates through the following segments: Beef, Pork, Chicken, and Prepared Foods. The Beef segment includes processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products.
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