First Midwest Bank Trust Division trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 15.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,456 shares of the company’s stock after selling 2,755 shares during the quarter. First Midwest Bank Trust Division’s holdings in Tyson Foods were worth $825,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ferguson Wellman Capital Management Inc. grew its stake in shares of Tyson Foods by 1.6% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 16,166 shares of the company’s stock valued at $863,000 after purchasing an additional 250 shares during the period. BKD Wealth Advisors LLC grew its stake in shares of Tyson Foods by 14.0% during the 4th quarter. BKD Wealth Advisors LLC now owns 6,649 shares of the company’s stock valued at $355,000 after purchasing an additional 814 shares during the period. DNB Asset Management AS grew its stake in shares of Tyson Foods by 47.8% during the 4th quarter. DNB Asset Management AS now owns 65,153 shares of the company’s stock valued at $3,479,000 after purchasing an additional 21,059 shares during the period. Waverton Investment Management Ltd grew its stake in shares of Tyson Foods by 4.1% during the 4th quarter. Waverton Investment Management Ltd now owns 11,020 shares of the company’s stock valued at $588,000 after purchasing an additional 430 shares during the period. Finally, Edge Wealth Management LLC bought a new stake in shares of Tyson Foods during the 4th quarter valued at about $3,215,000. Institutional investors own 68.43% of the company’s stock.
In related news, Director Robert C. Thurber sold 500 shares of the stock in a transaction on Monday, December 17th. The stock was sold at an average price of $54.45, for a total transaction of $27,225.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gaurdie E. Jr. Banister purchased 6,897 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were bought at an average price of $58.01 per share, for a total transaction of $400,094.97. The disclosure for this purchase can be found here. Corporate insiders own 1.69% of the company’s stock.
Shares of TSN opened at $59.39 on Friday. The company has a market cap of $21.39 billion, a PE ratio of 9.64, a PEG ratio of 0.90 and a beta of 0.26. Tyson Foods, Inc. has a 1 year low of $49.77 and a 1 year high of $81.51. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 1.13.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Tuesday, November 13th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.25. The business had revenue of $10 billion for 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 revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. As a group, equities analysts forecast that Tyson Foods, Inc. will post 5.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.53%. The ex-dividend date is Thursday, February 28th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.30. Tyson Foods’s dividend payout ratio is presently 24.35%.
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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 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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