Tobam Increases Stake in Tyson Foods, Inc. (NYSE:TSN)

Tobam grew its position in Tyson Foods, Inc. (NYSE:TSN) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,948 shares of the company’s stock after acquiring an additional 3,740 shares during the period. Tyson Foods comprises 1.3% of Tobam’s portfolio, making the stock its 28th largest holding. Tobam’s holdings in Tyson Foods were worth $4,075,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TSN. Sanctuary Advisors LLC acquired a new position in Tyson Foods during the 2nd quarter worth approximately $1,284,000. Czech National Bank grew its holdings in Tyson Foods by 6.8% during the third quarter. Czech National Bank now owns 58,224 shares of the company’s stock worth $3,468,000 after acquiring an additional 3,717 shares during the period. GAMMA Investing LLC raised its position in Tyson Foods by 24.8% in the third quarter. GAMMA Investing LLC now owns 6,596 shares of the company’s stock worth $393,000 after acquiring an additional 1,311 shares in the last quarter. Mather Group LLC. lifted its holdings in Tyson Foods by 46.5% in the third quarter. Mather Group LLC. now owns 2,300 shares of the company’s stock valued at $137,000 after acquiring an additional 730 shares during the period. Finally, CWM LLC boosted its position in shares of Tyson Foods by 11.5% during the 3rd quarter. CWM LLC now owns 6,115 shares of the company’s stock worth $364,000 after purchasing an additional 630 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tyson Foods news, Director Noel W. White sold 171,057 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the transaction, the director now owns 36,179 shares of the company’s stock, valued at $2,304,602.30. This trade represents a 82.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. This represents a 35.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 414,814 shares of company stock valued at $26,450,955. Insiders own 2.03% of the company’s stock.

Tyson Foods Price Performance

NYSE:TSN opened at $57.41 on Friday. Tyson Foods, Inc. has a 12-month low of $51.16 and a 12-month high of $66.88. The firm has a market cap of $20.43 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The company’s 50-day moving average is $58.41 and its two-hundred day moving average is $60.26. The company has a current ratio of 2.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.35. The business had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. Tyson Foods had a net margin of 1.50% and a return on equity of 6.03%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Research analysts expect that Tyson Foods, Inc. will post 3.52 EPS for the current year.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.48%. Tyson Foods’s dividend payout ratio (DPR) is presently 88.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TSN. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a research note on Monday. Stephens boosted their price target on Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Bank of America dropped their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. UBS Group began coverage on Tyson Foods in a research report on Friday, January 10th. They set a “neutral” rating and a $62.00 target price on the stock. Finally, BMO Capital Markets lifted their price target on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $61.10.

Tyson Foods Company Profile

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.