Tyson Foods, Inc. (NYSE:TSN) Shares Acquired by Polaris Capital Management LLC

Polaris Capital Management LLC raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 0.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 641,263 shares of the company’s stock after purchasing an additional 3,700 shares during the quarter. Tyson Foods makes up 1.8% of Polaris Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Polaris Capital Management LLC’s holdings in Tyson Foods were worth $36,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSN. CWM LLC boosted its holdings in Tyson Foods by 11.5% during the third quarter. CWM LLC now owns 6,115 shares of the company’s stock worth $364,000 after buying an additional 630 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of Tyson Foods by 30.0% in the 3rd quarter. Gateway Investment Advisers LLC now owns 7,167 shares of the company’s stock worth $427,000 after acquiring an additional 1,656 shares during the period. Exchange Traded Concepts LLC raised its holdings in Tyson Foods by 4,625.3% during the third quarter. Exchange Traded Concepts LLC now owns 7,655 shares of the company’s stock worth $456,000 after purchasing an additional 7,493 shares during the last quarter. Polianta Ltd purchased a new stake in Tyson Foods during the third quarter worth $1,220,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Tyson Foods by 301.6% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 747 shares of the company’s stock valued at $44,000 after purchasing an additional 561 shares during the last quarter. Institutional investors and hedge funds own 67.00% of the company’s stock.

Tyson Foods Stock Performance

Shares of TSN stock opened at $57.69 on Tuesday. The firm has a market capitalization of $20.55 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80. Tyson Foods, Inc. has a 12-month low of $51.16 and a 12-month high of $66.88. The business has a 50 day simple moving average of $58.14 and a 200 day simple moving average of $60.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 0.95.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion for the quarter, compared to the consensus estimate of $13.46 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Tyson Foods, Inc. will post 3.8 EPS for the current year.

Tyson Foods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.00 annualized dividend and a yield of 3.47%. Tyson Foods’s dividend payout ratio is presently 67.57%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TSN shares. HSBC raised shares of Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Stephens raised their price target on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Citigroup lowered their target price on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. UBS Group started coverage on Tyson Foods in a report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price target for the company. Finally, Bank of America cut their target price on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $61.10.

Insider Buying and Selling at Tyson Foods

In other Tyson Foods news, insider Wes Morris sold 22,783 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.71, for a total value of $1,428,721.93. Following the completion of the sale, the insider now directly owns 15,937 shares of the company’s stock, valued at $999,409.27. The trade was a 58.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Noel W. White sold 171,057 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the transaction, the director now directly owns 36,179 shares in the company, valued at $2,304,602.30. The trade was a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 414,814 shares of company stock valued at $26,450,955 in the last quarter. Company insiders own 2.03% of the company’s stock.

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.