OxFORD Asset Management LLP increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 371.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,430 shares of the company’s stock after acquiring an additional 13,730 shares during the quarter. OxFORD Asset Management LLP’s holdings in Tyson Foods were worth $1,228,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of TSN. Vanguard Group Inc. grew its stake in Tyson Foods by 3.7% in the second quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after purchasing an additional 900,009 shares in the last quarter. BlackRock Inc. lifted its position in shares of Tyson Foods by 0.7% in the second quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock worth $1,201,973,000 after buying an additional 136,071 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Tyson Foods by 12.5% in the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after buying an additional 980,069 shares during the last quarter. LSV Asset Management lifted its position in shares of Tyson Foods by 3.3% in the second quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock worth $336,508,000 after buying an additional 171,600 shares during the last quarter. Finally, Iridian Asset Management LLC CT lifted its position in shares of Tyson Foods by 64.4% in the third quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock worth $340,488,000 after buying an additional 1,893,438 shares during the last quarter. Institutional investors and hedge funds own 71.33% of the company’s stock.
Tyson Foods, Inc. (NYSE TSN) traded down $1.04 during mid-day trading on Thursday, hitting $79.96. The stock had a trading volume of 2,126,400 shares, compared to its average volume of 2,250,000. The firm has a market cap of $29,370.00, a P/E ratio of 16.69 and a beta of 0.36. Tyson Foods, Inc. has a one year low of $57.20 and a one year high of $84.65. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 1.55.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.05. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.93 billion. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. analysts predict that Tyson Foods, Inc. will post 5.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.30 dividend. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. Tyson Foods’s dividend payout ratio (DPR) is presently 25.05%.
Several research firms recently weighed in on TSN. Piper Jaffray Companies began coverage on Tyson Foods in a research report on Thursday, January 4th. They set an “overweight” rating and a $94.00 price objective for the company. KeyCorp reissued a “buy” rating and set a $88.00 price objective on shares of Tyson Foods in a research report on Thursday, December 21st. Zacks Investment Research cut Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 6th. ValuEngine raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, November 20th. Finally, raised Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price target for the company in a report on Wednesday, November 15th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $75.25.
In other news, CFO Dennis Leatherby sold 115,293 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $82.09, for a total value of $9,464,402.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Rouse sold 1,000 shares of Tyson Foods stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $77.26, for a total value of $77,260.00. The disclosure for this sale can be found here. Insiders sold a total of 397,342 shares of company stock valued at $32,702,254 in the last 90 days. 1.55% of the stock is owned by corporate insiders.
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Tyson Foods Company 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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