Foundation Resource Management Inc. Lowers Holdings in Tyson Foods, Inc. (TSN)

Foundation Resource Management Inc. decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 12.4% during the 4th quarter, Holdings Channel reports. The firm owned 11,513 shares of the company’s stock after selling 1,631 shares during the quarter. Foundation Resource Management Inc.’s holdings in Tyson Foods were worth $933,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Tyson Foods by 3.7% in the second quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after purchasing an additional 900,009 shares during the last quarter. BlackRock Inc. grew its holdings in Tyson Foods by 0.7% in the second quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock valued at $1,201,973,000 after purchasing an additional 136,071 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Tyson Foods by 12.5% in the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock valued at $621,587,000 after purchasing an additional 980,069 shares during the last quarter. Iridian Asset Management LLC CT grew its holdings in Tyson Foods by 64.4% in the third quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock valued at $340,488,000 after purchasing an additional 1,893,438 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Tyson Foods by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,028,728 shares of the company’s stock valued at $283,668,000 after purchasing an additional 14,313 shares during the last quarter. 71.33% of the stock is currently owned by institutional investors.

In related news, CFO Dennis Leatherby sold 115,293 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $82.09, for a total transaction of $9,464,402.37. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Bebber David L. Van sold 164,348 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $83.26, for a total value of $13,683,614.48. The disclosure for this sale can be found here. Insiders have sold 397,342 shares of company stock worth $32,702,254 over the last quarter. 1.55% of the stock is currently owned by company insiders.

Several research firms have weighed in on TSN. ValuEngine raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, November 20th. raised Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 target price on the stock in a report on Wednesday, November 15th. BMO Capital Markets upped their target price on Tyson Foods to $89.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Piper Jaffray Companies initiated coverage on Tyson Foods in a research note on Thursday, January 4th. They set an “overweight” rating and a $94.00 price objective on the stock. Finally, Pivotal Research raised Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective on the stock in a research note on Monday, November 13th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $75.25.

Tyson Foods, Inc. (NYSE TSN) traded down $0.93 on Wednesday, hitting $81.33. The company had a trading volume of 484,020 shares, compared to its average volume of 2,022,033. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $30,220.00, a price-to-earnings ratio of 16.98 and a beta of 0.36. Tyson Foods, Inc. has a fifty-two week low of $57.20 and a fifty-two week high of $84.65.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 13th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.93 billion. During the same quarter last year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. research analysts forecast that Tyson Foods, Inc. will post 5.82 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a yield of 1.48%. Tyson Foods’s dividend payout ratio is 25.05%.

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About Tyson Foods

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.

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

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