Sterling Capital Management LLC cut its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,721 shares of the company’s stock after selling 13,716 shares during the quarter. Sterling Capital Management LLC’s holdings in Tyson Foods were worth $9,625,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cerebellum GP LLC acquired a new position in Tyson Foods in the 4th quarter valued at about $124,000. Horan Capital Advisors LLC. acquired a new position in Tyson Foods in the 3rd quarter valued at about $155,000. Financial Gravity Companies Inc. acquired a new position in Tyson Foods in the 4th quarter valued at about $198,000. Signaturefd LLC acquired a new position in Tyson Foods in the 4th quarter valued at about $201,000. Finally, Kornitzer Capital Management Inc. KS acquired a new position in Tyson Foods in the 4th quarter valued at about $212,000. Hedge funds and other institutional investors own 71.36% of the company’s stock.
In related news, insider Stephen R. Stouffer sold 15,489 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $74.22, for a total transaction of $1,149,593.58. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Noel W. White sold 24,575 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $80.96, for a total transaction of $1,989,592.00. The disclosure for this sale can be found here. Insiders sold a total of 47,864 shares of company stock worth $3,728,554 over the last three months. Insiders own 1.55% of the company’s stock.
Shares of Tyson Foods stock opened at $73.69 on Thursday. The stock has a market cap of $27,239.36, a P/E ratio of 13.39, a PEG ratio of 1.01 and a beta of 0.20. Tyson Foods, Inc. has a 52 week low of $57.20 and a 52 week high of $84.65. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.74.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.30. The business had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.88 billion. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 EPS. sell-side analysts anticipate that Tyson Foods, Inc. will post 6.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is 15.79%.
TRADEMARK VIOLATION WARNING: This article was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://stocknewstimes.com/2018/03/22/sterling-capital-management-llc-sells-13716-shares-of-tyson-foods-inc-tsn.html.
About Tyson Foods
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.
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.