Tyson Takes a Big Bite Out of Earnings

Mae Love
November 13, 2017

Now insiders hold 8,613,205 shares in the business which makes up 2.40% of shares.

Tyson Foods, Inc. also included its guidance for fiscal 2018 in its most recent earnings report. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.tysonfoods.com.About Original Philly Holdings, Inc. Overall these results capped off a strong year for the company with its shares outpacing the US broad markets.

XAutoplay: On | OffTyson Foods (TSN) hiked its annual dividend by 33% to $1.20, which translates to 30 cents a quarter on Class A shares and 27 cents a share on Class B common stock. Ameriprise Financial Inc. now owns 7,843,052 shares of the company's stock valued at $491,179,000 after buying an additional 423,836 shares in the last quarter.

Tyson Foods, Inc. reported net income of $395 million in its fiscal fourth quarter of 2017. The institutional investor owned 860,424 shares of the company's stock after purchasing an additional 288,200 shares during the quarter. Stevens First Principles Investment Advisors purchased a new position in Tyson Foods during the 3rd quarter worth approximately $141,000. Archford Capital Strategies LLC now owns 3,587 shares of the company's stock worth $149,000 after buying an additional 3,574 shares during the last quarter.

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Tyson also lifted its quarterly dividend payout to $0.30 per share, up 33% from its prior level. Dimensional Fund Advisors LP now owns 4,014,415 shares of the company's stock valued at $251,393,000 after acquiring an additional 10,832 shares during the last quarter.

A number of analysts have issued reports on TSN shares. Royal Bank Of Canada decreased their price target on shares of Tyson Foods from $75.00 to $68.00 and set a "sector perform" rating for the company in a report on Tuesday, November 22nd. Fundamental Research set a C$1.82 price target on Tyson Foods and gave the company a "buy" rating in a research report on Thursday, August 17th. Tyson Foods presently has a consensus rating of "Buy" and an average price target of C$69.17.

In related news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of C$0.53, for a total value of C$56,849.92. (NYSE:TSN) has completed the acquisition of Philadelphia-based Original Philly Holdings, Inc., one of the nation's leading producers of raw and fully-cooked Philly-style sandwich steak and cheesesteak appetizer products. (NYSE:TSN) traded up C$0.32 during mid-day trading on Monday, hitting C$74.14. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 0.79.

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