AlphaMark Advisors LLC reduced its position in Tyson Foods (NYSE:TSN) by 10.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,266 shares of the company’s stock after selling 4,830 shares during the period. AlphaMark Advisors LLC’s holdings in Tyson Foods were worth $3,093,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in Tyson Foods in the 4th quarter valued at approximately $124,000. Financial Gravity Companies Inc. purchased a new position in Tyson Foods in the 4th quarter valued at approximately $198,000. Signaturefd LLC purchased a new position in Tyson Foods during the fourth quarter worth $201,000. Verity Asset Management Inc. purchased a new position in Tyson Foods during the first quarter worth $209,000. Finally, Kornitzer Capital Management Inc. KS purchased a new position in Tyson Foods during the fourth quarter worth $212,000. 71.94% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Stephen R. Stouffer sold 15,489 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $74.22, for a total transaction of $1,149,593.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.65% of the stock is owned by company insiders.
TSN stock opened at $68.64 on Friday. Tyson Foods has a 52-week low of $67.43 and a 52-week high of $68.14. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.69 and a current ratio of 1.56. The firm has a market cap of $24.76 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 0.93 and a beta of 0.20.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 7th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.04). Tyson Foods had a return on equity of 19.10% and a net margin of 6.97%. The business had revenue of $9.77 billion for the quarter, compared to analyst estimates of $9.86 billion. During the same quarter last year, the business earned $1.01 EPS. Tyson Foods’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities research analysts predict that Tyson Foods will post 6.6 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is 22.60%.
About Tyson Foods
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.
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