Tyson Foods, Inc. (TSN) Shares Bought by Waverton Investment Management Ltd
Waverton Investment Management Ltd lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,020 shares of the company’s stock after acquiring an additional 430 shares during the quarter. Waverton Investment Management Ltd’s holdings in Tyson Foods were worth $588,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of TSN. Columbus Hill Capital Management L.P. bought a new position in shares of Tyson Foods during the 3rd quarter worth approximately $72,553,000. Point72 Asset Management L.P. boosted its stake in Tyson Foods by 681.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,270,608 shares of the company’s stock valued at $75,639,000 after purchasing an additional 1,108,108 shares during the period. Levin Capital Strategies L.P. boosted its stake in Tyson Foods by 9,215.0% in the 3rd quarter. Levin Capital Strategies L.P. now owns 1,033,867 shares of the company’s stock valued at $61,546,000 after purchasing an additional 1,022,768 shares during the period. Northern Trust Corp boosted its stake in Tyson Foods by 13.1% in the 2nd quarter. Northern Trust Corp now owns 6,239,551 shares of the company’s stock valued at $429,594,000 after purchasing an additional 722,092 shares during the period. Finally, Ceredex Value Advisors LLC bought a new stake in Tyson Foods in the 3rd quarter valued at $36,249,000. Institutional investors own 68.42% of the company’s stock.
TSN has been the subject of several recent research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $60.00 price target on shares of Tyson Foods in a research note on Tuesday, December 11th. Mizuho set a $82.00 price target on Tyson Foods and gave the company a “buy” rating in a research note on Monday, September 17th. Vertical Group upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday. Finally, ValuEngine upgraded Tyson Foods from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 9th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $70.43.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Tuesday, November 13th. The company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.25. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Tyson Foods had a return on equity of 18.39% and a net margin of 7.55%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. On average, equities analysts expect that Tyson Foods, Inc. will post 5.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.30. This represents a $1.50 annualized dividend and a yield of 2.60%. Tyson Foods’s payout ratio is currently 24.35%.
In related news, Director Gaurdie E. Jr. Banister acquired 6,897 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was purchased at an average cost of $58.01 per share, with a total value of $400,094.97. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert C. Thurber sold 500 shares of Tyson Foods stock in a transaction on Monday, December 17th. The shares were sold at an average price of $54.45, for a total value of $27,225.00. The disclosure for this sale can be found here. 1.69% of the stock is owned by insiders.
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Tyson Foods 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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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