Legal & General Group Plc lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,394,780 shares of the company’s stock after selling 59,596 shares during the period. Legal & General Group Plc’s holdings in Tyson Foods were worth $102,112,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in TSN. Candriam Luxembourg S.C.A. increased its stake in shares of Tyson Foods by 85.7% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 6,498 shares of the company’s stock valued at $527,000 after buying an additional 2,998 shares during the period. Private Advisor Group LLC increased its stake in shares of Tyson Foods by 32.4% during the fourth quarter. Private Advisor Group LLC now owns 4,102 shares of the company’s stock valued at $335,000 after buying an additional 1,004 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Tyson Foods by 719.5% during the fourth quarter. Eagle Asset Management Inc. now owns 25,519 shares of the company’s stock valued at $1,909,000 after buying an additional 22,405 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Tyson Foods by 67.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 26,645 shares of the company’s stock valued at $2,160,000 after buying an additional 10,726 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Tyson Foods during the fourth quarter valued at $15,431,000. Hedge funds and other institutional investors own 71.40% of the company’s stock.
Shares of TSN stock opened at $69.38 on Friday. Tyson Foods, Inc. has a 1-year low of $58.36 and a 1-year high of $84.65. The stock has a market cap of $25.49 billion, a P/E ratio of 13.07, a P/E/G ratio of 0.96 and a beta of 0.19. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.69 and a current ratio of 1.56.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 7th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.04). The business had revenue of $9.77 billion during the quarter, compared to analyst estimates of $9.86 billion. Tyson Foods had a return on equity of 19.10% and a net margin of 6.97%. Tyson Foods’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. equities analysts anticipate that Tyson Foods, Inc. will post 6.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.73%. The ex-dividend date is Thursday, August 30th. Tyson Foods’s dividend payout ratio is presently 22.60%.
Several equities analysts have recently commented on TSN shares. Royal Bank of Canada cut their price target on Tyson Foods to $83.00 and set a “reduce” rating on the stock in a research note on Tuesday, April 17th. Zacks Investment Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 30th. Buckingham Research cut their price target on Tyson Foods from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Thursday, March 29th. ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Sanford C. Bernstein initiated coverage on Tyson Foods in a research note on Thursday, May 10th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $74.93.
Tyson Foods Company Profile
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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