Brown Lisle Cummings Inc. Sells 630 Shares of Tyson Foods, Inc. (NYSE:TSN)

Brown Lisle Cummings Inc. decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 31.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,345 shares of the company’s stock after selling 630 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Tyson Foods were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TSN. Catalyst Capital Advisors LLC boosted its holdings in Tyson Foods by 56.1% during the third quarter. Catalyst Capital Advisors LLC now owns 584 shares of the company’s stock valued at $35,000 after acquiring an additional 210 shares during the period. Brooklyn Investment Group boosted its stake in Tyson Foods by 2,478.3% during the 4th quarter. Brooklyn Investment Group now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 570 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Tyson Foods in the 3rd quarter valued at approximately $36,000. ST Germain D J Co. Inc. acquired a new position in shares of Tyson Foods during the fourth quarter worth approximately $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 acquiring an additional 561 shares during the period. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyson Foods

In related news, General Counsel Adam S. Deckinger sold 10,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.80, for a total transaction of $680,400.00. Following the completion of the sale, the general counsel now directly owns 19,260 shares of the company’s stock, valued at $1,248,048. The trade was a 35.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Noel W. White sold 171,057 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the transaction, the director now directly owns 36,179 shares in the company, valued at approximately $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. In the last three months, insiders have sold 414,814 shares of company stock worth $26,450,955. Company insiders own 2.03% of the company’s stock.

Tyson Foods Trading Down 1.2 %

TSN stock opened at $57.03 on Wednesday. The business has a fifty day moving average price of $58.70 and a 200 day moving average price of $60.30. 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 has a market capitalization of $20.29 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 0.85 and a beta of 0.80. Tyson Foods, Inc. has a fifty-two week low of $51.16 and a fifty-two week high of $66.88.

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

Tyson Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.50 per share. This is a boost from Tyson Foods’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 3.51%. The ex-dividend date is Friday, February 28th. Tyson Foods’s payout ratio is currently 88.89%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stephens upped their target price on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday. Barclays decreased their target price on Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. UBS Group initiated coverage on Tyson Foods in a research report on Friday, January 10th. They issued a “neutral” rating and a $62.00 price objective for the company. Citigroup cut 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. Finally, BMO Capital Markets lifted their price target on shares of Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average target price 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.