Northwestern Mutual Wealth Management Co. cut its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 31.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,092 shares of the company’s stock after selling 1,894 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Tyson Foods were worth $332,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of TSN. Cerebellum GP LLC bought a new position in shares of Tyson Foods during the fourth quarter valued at $124,000. Stevens First Principles Investment Advisors bought a new position in shares of Tyson Foods during the third quarter valued at $141,000. Archford Capital Strategies LLC increased its holdings in shares of Tyson Foods by 27,492.3% during the second quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock valued at $149,000 after acquiring an additional 3,574 shares in the last quarter. Horan Capital Advisors LLC. bought a new position in shares of Tyson Foods during the third quarter valued at $155,000. Finally, Cadence Bank NA bought a new position in shares of Tyson Foods during the third quarter valued at $200,000. Hedge funds and other institutional investors own 71.09% of the company’s stock.
In other news, SVP Curt Calaway sold 21,200 shares of Tyson Foods stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $81.01, for a total transaction of $1,717,412.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Bebber David L. Van sold 164,348 shares of Tyson Foods stock in a transaction dated Wednesday, December 6th. The shares were 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. Over the last ninety days, insiders have sold 397,342 shares of company stock worth $32,702,254. Insiders own 1.55% of the company’s stock.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. The business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.93 billion. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $0.96 earnings per share. equities analysts anticipate that Tyson Foods, Inc. will post 5.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.30 per share. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Wednesday, February 28th. Tyson Foods’s payout ratio is presently 25.05%.
TSN has been the subject of several research analyst reports. Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, November 15th. KeyCorp initiated coverage on Tyson Foods in a report on Tuesday, October 31st. They issued an “overweight” rating and a $82.00 price objective for the company. Jefferies Group set a $85.00 price objective on Tyson Foods and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research downgraded Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, Morgan Stanley initiated coverage on Tyson Foods in a report on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 price objective for the company. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Tyson Foods currently has an average rating of “Buy” and a consensus target price of $75.67.
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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