Gulf International Bank UK Ltd Sells 659 Shares of Tyson Foods, Inc. (NYSE:TSN)

Gulf International Bank UK Ltd lessened its position in Tyson Foods, Inc. (NYSE:TSNFree Report) by 26.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,870 shares of the company’s stock after selling 659 shares during the period. Gulf International Bank UK Ltd’s holdings in Tyson Foods were worth $100,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TSN. Cantor Fitzgerald Investment Advisor L.P boosted its stake in shares of Tyson Foods by 94.9% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 317,286 shares of the company’s stock valued at $28,439,000 after purchasing an additional 154,507 shares in the last quarter. Markel Corp boosted its stake in Tyson Foods by 2.1% during the first quarter. Markel Corp now owns 384,500 shares of the company’s stock worth $34,463,000 after acquiring an additional 8,000 shares in the last quarter. Aviva PLC raised its holdings in Tyson Foods by 25.5% in the first quarter. Aviva PLC now owns 121,466 shares of the company’s stock worth $10,887,000 after buying an additional 24,669 shares during the last quarter. Prudential PLC purchased a new position in Tyson Foods in the first quarter worth about $747,000. Finally, Vanguard Group Inc. raised its holdings in Tyson Foods by 6.4% in the first quarter. Vanguard Group Inc. now owns 37,179,555 shares of the company’s stock worth $3,332,404,000 after buying an additional 2,239,235 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. Stephens reissued an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a report on Tuesday, February 6th. Barclays boosted their price objective on shares of Tyson Foods from $50.00 to $53.00 and gave the company an “underweight” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Finally, Citigroup initiated coverage on shares of Tyson Foods in a report on Thursday, February 1st. They set a “neutral” rating and a $56.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $57.60.

Read Our Latest Analysis on Tyson Foods

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the transaction, the director now directly owns 31,115 shares in the company, valued at $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.05% of the company’s stock.

Tyson Foods Stock Up 0.7 %

Shares of NYSE TSN opened at $58.45 on Tuesday. The firm has a 50 day moving average of $54.46 and a 200 day moving average of $51.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.67 and a current ratio of 1.49. Tyson Foods, Inc. has a 12-month low of $44.94 and a 12-month high of $63.28.

Tyson Foods (NYSE:TSNGet Free Report) last announced its earnings results on Monday, February 5th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.28. The company had revenue of $13.32 billion during the quarter, compared to analyst estimates of $13.34 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. Sell-side analysts expect that Tyson Foods, Inc. will post 2.35 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.35%. Tyson Foods’s payout ratio is currently -79.35%.

About Tyson Foods

(Free Report)

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 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, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.

Further Reading

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSNFree Report).

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.