Comerica Bank lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 20.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 81,893 shares of the company’s stock after purchasing an additional 13,690 shares during the period. Comerica Bank’s holdings in Tyson Foods were worth $6,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in shares of Tyson Foods by 12.5% in the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after buying an additional 980,069 shares during the last quarter. Iridian Asset Management LLC CT lifted its stake in shares of Tyson Foods by 13.0% in the fourth quarter. Iridian Asset Management LLC CT now owns 5,462,289 shares of the company’s stock worth $442,828,000 after buying an additional 629,241 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Tyson Foods by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,028,728 shares of the company’s stock worth $283,668,000 after buying an additional 14,313 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Tyson Foods by 10.0% in the third quarter. Prudential Financial Inc. now owns 3,107,758 shares of the company’s stock worth $218,942,000 after buying an additional 283,327 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Tyson Foods by 17.6% in the third quarter. Wells Fargo & Company MN now owns 2,071,118 shares of the company’s stock worth $145,910,000 after buying an additional 309,834 shares during the last quarter. Institutional investors and hedge funds own 71.09% of the company’s stock.

Tyson Foods, Inc. (NYSE:TSN) opened at $74.87 on Friday. Tyson Foods, Inc. has a one year low of $57.20 and a one year high of $84.65. The stock has a market cap of $27,500.00, a price-to-earnings ratio of 9.77 and a beta of 0.17. The company has a quick ratio of 0.75, a current ratio of 1.51 and a debt-to-equity ratio of 0.74.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.30. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. The company had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the prior year, the company posted $1.59 EPS. The business’s revenue was up 11.4% on a year-over-year basis. sell-side analysts forecast that Tyson Foods, Inc. will post 6.63 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.30 dividend. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Tyson Foods’s dividend payout ratio is currently 15.67%.

In other news, insider Thomas P. Hayes sold 53,874 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $81.63, for a total value of $4,397,734.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dennis Leatherby sold 115,293 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $82.09, for a total transaction of $9,464,402.37. The disclosure for this sale can be found here. In the last 90 days, insiders sold 397,342 shares of company stock valued at $32,702,254. Corporate insiders own 2.65% of the company’s stock.

TSN has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Saturday, January 20th. KeyCorp reiterated a “buy” rating and set a $88.00 target price on shares of Tyson Foods in a research note on Thursday, December 21st. Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Wednesday, November 15th. ValuEngine upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Finally, Jefferies Group set a $85.00 target price on shares of Tyson Foods and gave the company a “buy” rating in a research note on Monday, October 30th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $76.67.

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About Tyson Foods

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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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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