Suntrust Banks Inc. Sells 5,952 Shares of Tyson Foods, Inc. (TSN)

Suntrust Banks Inc. lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 322,394 shares of the company’s stock after selling 5,952 shares during the period. Suntrust Banks Inc.’s holdings in Tyson Foods were worth $26,135,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TSN. Cerebellum GP LLC purchased a new position in Tyson Foods during the fourth quarter valued at $124,000. Stevens First Principles Investment Advisors purchased a new position in Tyson Foods during the third quarter valued at $141,000. Horan Capital Advisors LLC. purchased a new position in Tyson Foods during the third quarter valued at $155,000. Cadence Bank NA purchased a new position in Tyson Foods during the third quarter valued at $200,000. Finally, First National Trust Co. purchased a new position in Tyson Foods during the third quarter valued at $205,000. 69.60% of the stock is owned by institutional investors and hedge funds.

TSN has been the subject of several recent analyst reports. Jefferies Group set a $85.00 price target on Tyson Foods and gave the stock a “buy” rating in a research report on Monday, October 30th. KeyCorp initiated coverage on Tyson Foods in a research report on Tuesday, October 31st. They issued an “overweight” rating and a $82.00 price target for the company. Morgan Stanley initiated coverage on Tyson Foods in a research report on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 price target for the company. Pivotal Research raised Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price target for the company in a research report on Monday, November 13th. Finally, BMO Capital Markets lifted their price target on Tyson Foods to $89.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Tyson Foods currently has an average rating of “Buy” and an average price target of $76.63.

In other Tyson Foods news, Director Jeffrey K. Schomburger acquired 2,700 shares of Tyson Foods stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $74.83 per share, for a total transaction of $202,041.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Bebber David L. Van sold 164,348 shares of Tyson Foods stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $83.26, for a total value of $13,683,614.48. The disclosure for this sale can be found here. Insiders sold a total of 396,388 shares of company stock valued at $32,597,531 over the last quarter. 1.55% of the stock is owned by corporate insiders.

Shares of Tyson Foods, Inc. (NYSE:TSN) opened at $76.29 on Wednesday. Tyson Foods, Inc. has a twelve month low of $57.20 and a twelve month high of $84.65. The company has a market capitalization of $27,971.68, a PE ratio of 10.02, a P/E/G ratio of 1.03 and a beta of 0.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.70.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.51 by $0.30. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The company had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same period last year, the company earned $1.59 EPS. Tyson Foods’s revenue for the quarter was up 11.4% on a year-over-year basis. analysts predict that Tyson Foods, Inc. will post 6.7 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.20 annualized dividend and a yield of 1.57%. Tyson Foods’s payout ratio is 15.79%.

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Tyson Foods Profile

Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.

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

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