Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 271,448 shares of the company’s stock after selling 7,305 shares during the quarter. Leeward Investments LLC MA’s holdings in Tyson Foods were worth $14,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. IFP Advisors Inc grew its position in shares of Tyson Foods by 27.5% during the third quarter. IFP Advisors Inc now owns 5,893 shares of the company’s stock worth $298,000 after acquiring an additional 1,270 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of Tyson Foods during the third quarter worth about $250,000. DAVENPORT & Co LLC grew its position in shares of Tyson Foods by 39.3% during the third quarter. DAVENPORT & Co LLC now owns 32,528 shares of the company’s stock worth $1,642,000 after acquiring an additional 9,183 shares during the last quarter. CreativeOne Wealth LLC bought a new position in shares of Tyson Foods during the third quarter worth about $209,000. Finally, Caprock Group LLC grew its position in shares of Tyson Foods by 2.7% during the third quarter. Caprock Group LLC now owns 9,305 shares of the company’s stock worth $470,000 after acquiring an additional 248 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup upped their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. BMO Capital Markets upped their price objective 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. Bank of America raised shares of Tyson Foods from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $47.00 to $62.00 in a report on Tuesday, February 6th. Stephens reaffirmed an “overweight” rating and issued a $70.00 price objective on shares of Tyson Foods in a report on Tuesday, February 6th. Finally, StockNews.com raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $58.80.

Insider Activity

In related news, Director Noel W. White sold 9,000 shares of the business’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 transaction of $483,750.00. Following the transaction, the director now directly owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.05% of the stock is owned by corporate insiders.

Tyson Foods Price Performance

TSN stock opened at $60.64 on Friday. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $63.28. The firm has a 50-day moving average of $56.97 and a two-hundred day moving average of $52.89. The firm has a market capitalization of $21.61 billion, a PE ratio of -24.55, a P/E/G ratio of 0.49 and a beta of 0.77. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.28. The firm 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 company’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. On average, analysts forecast that Tyson Foods, Inc. will post 2.33 earnings per share for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, May 31st. This represents a $1.96 annualized dividend and a yield of 3.23%. Tyson Foods’s dividend payout ratio (DPR) is presently -79.35%.

About Tyson Foods

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.