Money Concepts Capital Corp Grows Position in Tyson Foods, Inc. (NYSE:TSN)

Money Concepts Capital Corp lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,084 shares of the company’s stock after purchasing an additional 1,041 shares during the quarter. Money Concepts Capital Corp’s holdings in Tyson Foods were worth $924,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp grew its stake in Tyson Foods by 6.9% in the 3rd quarter. State Street Corp now owns 13,304,869 shares of the company’s stock worth $792,438,000 after buying an additional 859,351 shares in the last quarter. Pzena Investment Management LLC grew its position in Tyson Foods by 0.4% in the third quarter. Pzena Investment Management LLC now owns 12,543,781 shares of the company’s stock worth $747,108,000 after acquiring an additional 54,217 shares in the last quarter. Geode Capital Management LLC increased its stake in Tyson Foods by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,815,571 shares of the company’s stock valued at $404,559,000 after acquiring an additional 87,054 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Tyson Foods by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,357,941 shares of the company’s stock valued at $140,439,000 after purchasing an additional 39,252 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Tyson Foods by 6.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,165,916 shares of the company’s stock worth $69,442,000 after purchasing an additional 73,764 shares in the last quarter. 67.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tyson Foods news, General Counsel Adam S. Deckinger sold 10,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the transaction, the general counsel now owns 19,260 shares of the company’s stock, valued at approximately $1,248,048. This trade represents a 35.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Wes Morris sold 22,783 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.71, for a total transaction of $1,428,721.93. Following the completion of the transaction, the insider now owns 15,937 shares of the company’s stock, valued at approximately $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock worth $26,450,955 over the last three months. Company insiders own 2.03% of the company’s stock.

Tyson Foods Stock Up 0.1 %

Shares of NYSE:TSN opened at $57.07 on Thursday. Tyson Foods, Inc. has a 1 year low of $51.16 and a 1 year high of $66.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 0.95. The stock’s 50-day moving average is $58.56 and its 200 day moving average is $60.28. The company has a market cap of $20.31 billion, a PE ratio of 25.37, a P/E/G ratio of 0.85 and a beta of 0.80.

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

Tyson Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.50 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Friday, February 28th. Tyson Foods’s dividend payout ratio is presently 88.89%.

Analyst Ratings Changes

TSN has been the topic of a number of research reports. Barclays decreased their price objective on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Hsbc Global Res upgraded shares of Tyson Foods from a “moderate sell” rating to a “hold” rating in a report on Monday. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a report on Monday. Stephens boosted their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, BMO Capital Markets raised their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.10.

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 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.