Tyson Foods, Inc. $TSN Shares Sold by Texas Permanent School Fund Corp

by · The Cerbat Gem

Texas Permanent School Fund Corp lowered its position in Tyson Foods, Inc. (NYSE:TSNFree Report) by 45.4% in the second quarter, HoldingsChannel reports. The firm owned 19,475 shares of the company’s stock after selling 16,221 shares during the period. Texas Permanent School Fund Corp’s holdings in Tyson Foods were worth $1,089,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its stake in shares of Tyson Foods by 0.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 56,200 shares of the company’s stock valued at $3,099,000 after buying an additional 206 shares during the period. Peddock Capital Advisors LLC lifted its holdings in Tyson Foods by 1.0% in the second quarter. Peddock Capital Advisors LLC now owns 21,152 shares of the company’s stock valued at $1,183,000 after acquiring an additional 217 shares during the last quarter. Rossby Financial LCC grew its position in Tyson Foods by 25.0% in the second quarter. Rossby Financial LCC now owns 1,084 shares of the company’s stock worth $61,000 after acquiring an additional 217 shares during the period. Unison Advisors LLC increased its stake in Tyson Foods by 0.9% during the second quarter. Unison Advisors LLC now owns 26,433 shares of the company’s stock worth $1,479,000 after acquiring an additional 224 shares during the last quarter. Finally, Everpar Advisors LLC raised its position in Tyson Foods by 0.4% in the second quarter. Everpar Advisors LLC now owns 63,483 shares of the company’s stock valued at $3,551,000 after purchasing an additional 228 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Chairman John H. Tyson sold 100,301 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $58.05, for a total transaction of $5,822,473.05. Following the completion of the transaction, the chairman directly owned 2,989,415 shares of the company’s stock, valued at $173,535,540.75. The trade was a 3.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Curt Calaway sold 6,539 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total value of $373,965.41. Following the sale, the chief financial officer owned 31,833 shares in the company, valued at approximately $1,820,529.27. This trade represents a 17.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.11% of the company’s stock.

Tyson Foods Trading Up 0.7%

NYSE TSN opened at $58.18 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.55. The firm has a market cap of $20.54 billion, a price-to-earnings ratio of 43.74, a PEG ratio of 1.33 and a beta of 0.47. The firm has a 50 day simple moving average of $55.05 and a 200-day simple moving average of $55.01. Tyson Foods, Inc. has a one year low of $50.56 and a one year high of $64.36.

Tyson Foods (NYSE:TSNGet Free Report) last released its earnings results on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.30. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The company had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.08 billion. During the same period in the prior year, the business earned $0.92 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current fiscal year.

Tyson Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, February 27th. Tyson Foods’s dividend payout ratio (DPR) is 153.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSN. BMO Capital Markets increased their price target on Tyson Foods from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Tuesday, November 11th. Santander initiated coverage on shares of Tyson Foods in a research note on Thursday, September 25th. They set a “neutral” rating for the company. Zacks Research raised shares of Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday. Finally, Bank of America cut their target price on Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.00.

Get Our Latest Research Report on TSN

Tyson Foods Company Profile

(Free Report)

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

Further Reading

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