Stone Ridge Asset Management LLC Sells 32,604 Shares of Tyson Foods, Inc. (TSN)

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Stone Ridge Asset Management LLC lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 36.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,080 shares of the company’s stock after selling 32,604 shares during the period. Stone Ridge Asset Management LLC’s holdings in Tyson Foods were worth $3,101,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in Tyson Foods by 19.3% during the 3rd quarter. Victory Capital Management Inc. now owns 64,244 shares of the company’s stock worth $3,824,000 after buying an additional 10,377 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Tyson Foods by 9.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 39,691 shares of the company’s stock worth $2,362,000 after buying an additional 3,582 shares in the last quarter. Toronto Dominion Bank increased its stake in Tyson Foods by 0.6% during the 3rd quarter. Toronto Dominion Bank now owns 192,512 shares of the company’s stock worth $11,458,000 after buying an additional 1,208 shares in the last quarter. Rhumbline Advisers increased its stake in Tyson Foods by 4.3% during the 3rd quarter. Rhumbline Advisers now owns 633,709 shares of the company’s stock worth $37,725,000 after buying an additional 25,877 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its stake in Tyson Foods by 7.0% during the 3rd quarter. Commonwealth Bank of Australia now owns 63,879 shares of the company’s stock worth $3,796,000 after buying an additional 4,200 shares in the last quarter. 69.59% of the stock is owned by institutional investors and hedge funds.

In related news, insider Chad Roderick Martin sold 8,233 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $62.36, for a total value of $513,409.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott Rouse sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $64.22, for a total value of $160,550.00. The disclosure for this sale can be found here. Insiders own 1.69% of the company’s stock.

Several research firms have commented on TSN. Jefferies Financial Group reiterated a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a research note on Sunday, February 17th. Stephens began coverage on Tyson Foods in a research note on Monday, March 4th. They set an “overweight” rating and a $62.26 price objective for the company. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Wednesday, January 23rd. Mizuho reiterated a “buy” rating and set a $82.00 price objective on shares of Tyson Foods in a research note on Friday, February 8th. Finally, Piper Jaffray Companies set a $72.00 price objective on Tyson Foods and gave the stock a “buy” rating in a research note on Monday, November 26th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $70.16.

Shares of Tyson Foods stock opened at $65.59 on Monday. The company has a market cap of $23.87 billion, a PE ratio of 10.65, a P/E/G ratio of 1.20 and a beta of 0.46. Tyson Foods, Inc. has a 1-year low of $49.77 and a 1-year high of $75.15. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.34 and a current ratio of 0.85.

Tyson Foods (NYSE:TSN) last issued its earnings results on Thursday, February 7th. The company reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.03. The business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Tyson Foods had a return on equity of 17.25% and a net margin of 4.86%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 EPS. As a group, analysts expect that Tyson Foods, Inc. will post 5.91 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, May 30th. Tyson Foods’s dividend payout ratio is currently 24.35%.

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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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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

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