ZWJ Investment Counsel Inc. Boosts Position in Tyson Foods, Inc. $TSN
by Sarita Garza · The Markets DailyZWJ Investment Counsel Inc. grew its holdings in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 423,079 shares of the company’s stock after buying an additional 20,070 shares during the quarter. ZWJ Investment Counsel Inc. owned 0.12% of Tyson Foods worth $22,973,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Tyson Foods by 93.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 473 shares of the company’s stock valued at $26,000 after acquiring an additional 228 shares in the last quarter. NewSquare Capital LLC raised its position in Tyson Foods by 175.3% in the second quarter. NewSquare Capital LLC now owns 512 shares of the company’s stock valued at $29,000 after purchasing an additional 326 shares during the period. Matrix Trust Co lifted its stake in shares of Tyson Foods by 28,200.0% during the second quarter. Matrix Trust Co now owns 566 shares of the company’s stock worth $32,000 after purchasing an additional 564 shares in the last quarter. First Command Advisory Services Inc. grew its stake in shares of Tyson Foods by 389.8% in the second quarter. First Command Advisory Services Inc. now owns 578 shares of the company’s stock valued at $32,000 after buying an additional 460 shares in the last quarter. Finally, MTM Investment Management LLC purchased a new stake in shares of Tyson Foods during the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 67.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on TSN shares. Zacks Research upgraded Tyson Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. BMO Capital Markets raised their price target on shares of Tyson Foods from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, November 11th. Bank of America cut their price objective on shares of Tyson Foods from $59.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Santander initiated coverage on shares of Tyson Foods in a research report on Thursday, September 25th. They issued a “neutral” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tyson Foods in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.00.
Get Our Latest Analysis on Tyson Foods
Insider Buying and Selling
In other news, Chairman John H. Tyson sold 100,301 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $58.05, for a total value of $5,822,473.05. Following the completion of the sale, the chairman directly owned 2,989,415 shares in the company, valued at approximately $173,535,540.75. The trade was a 3.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Curt Calaway sold 6,539 shares of Tyson Foods stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $57.19, for a total transaction of $373,965.41. Following the completion of the transaction, the chief financial officer directly owned 31,833 shares of the company’s stock, valued at approximately $1,820,529.27. This represents a 17.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.11% of the stock is currently owned by insiders.
Tyson Foods Trading Up 0.7%
NYSE TSN opened at $58.18 on Thursday. The company’s fifty day moving average price is $55.05 and its two-hundred day moving average price is $55.01. The company has a market capitalization of $20.54 billion, a price-to-earnings ratio of 43.74, a price-to-earnings-growth ratio of 1.33 and a beta of 0.47. Tyson Foods, Inc. has a 12 month low of $50.56 and a 12 month high of $64.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.55 and a quick ratio of 0.66.
Tyson Foods (NYSE:TSN – Get Free Report) last issued its earnings results on Monday, November 10th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.30. The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.08 billion. Tyson Foods had a net margin of 0.87% and a return on equity of 7.95%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 EPS. As a group, research analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.
Tyson Foods Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, February 27th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.50. Tyson Foods’s payout ratio is 153.38%.
Tyson Foods Company Profile
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.
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