Tyson Foods, Inc. (TSN) Shares Bought by Prudential Financial Inc.
Prudential Financial Inc. lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 10.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,107,758 shares of the company’s stock after purchasing an additional 283,327 shares during the quarter. Prudential Financial Inc. owned about 0.85% of Tyson Foods worth $218,942,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Tyson Foods by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock worth $1,564,398,000 after purchasing an additional 900,009 shares during the period. BlackRock Inc. grew its holdings in shares of Tyson Foods by 0.7% during the 2nd quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock worth $1,201,973,000 after purchasing an additional 136,071 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Tyson Foods by 12.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after purchasing an additional 980,069 shares during the period. LSV Asset Management grew its holdings in shares of Tyson Foods by 3.3% during the 2nd quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock worth $336,508,000 after purchasing an additional 171,600 shares during the period. Finally, Iridian Asset Management LLC CT grew its holdings in shares of Tyson Foods by 64.4% during the 3rd quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock worth $340,488,000 after purchasing an additional 1,893,438 shares during the period. Institutional investors and hedge funds own 71.33% of the company’s stock.
Tyson Foods, Inc. (NYSE TSN) opened at $81.07 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $29,810.90, a PE ratio of 16.92 and a beta of 0.36. Tyson Foods, Inc. has a twelve month low of $57.20 and a twelve month high of $84.65.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.48%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s dividend payout ratio (DPR) is currently 25.05%.
TSN has been the subject of a number of research analyst reports. Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Wednesday, November 15th. KeyCorp began coverage on Tyson Foods in a report on Tuesday, October 31st. They set an “overweight” rating and a $82.00 target price for the company. Jefferies Group set a $85.00 target price on Tyson Foods and gave the company a “buy” rating in a report on Monday, October 30th. Morgan Stanley began coverage on Tyson Foods in a report on Friday, November 3rd. They set an “equal weight” rating and a $76.00 target price for the company. Finally, Pivotal Research upgraded Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 target price for the company in a report on Monday, November 13th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $74.08.
In other Tyson Foods news, insider Noel W. White sold 24,575 shares of the stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $80.96, for a total value of $1,989,592.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Thomas P. Hayes sold 53,874 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $81.63, for a total value of $4,397,734.62. The disclosure for this sale can be found here. Insiders sold a total of 397,342 shares of company stock worth $32,702,254 in the last ninety days. 1.55% of the stock is owned by corporate insiders.
Tyson Foods Company Profile
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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