AE Wealth Management LLC acquired a new position in Tyson Foods, Inc. (NYSE:TSN) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,524 shares of the company’s stock, valued at approximately $449,000.
Several other institutional investors and hedge funds have also made changes to their positions in TSN. Iridian Asset Management LLC CT boosted its holdings in shares of Tyson Foods by 7.0% in the second quarter. Iridian Asset Management LLC CT now owns 6,285,044 shares of the company’s stock worth $432,725,000 after buying an additional 411,890 shares during the period. LSV Asset Management boosted its holdings in shares of Tyson Foods by 1.8% in the second quarter. LSV Asset Management now owns 6,121,757 shares of the company’s stock worth $421,482,000 after buying an additional 108,401 shares during the period. Northern Trust Corp boosted its holdings in shares of Tyson Foods by 5.8% in the first quarter. Northern Trust Corp now owns 5,517,459 shares of the company’s stock worth $403,823,000 after buying an additional 301,968 shares during the period. FMR LLC boosted its holdings in shares of Tyson Foods by 12.1% in the second quarter. FMR LLC now owns 3,990,894 shares of the company’s stock worth $274,773,000 after buying an additional 430,422 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Tyson Foods by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 1,880,817 shares of the company’s stock worth $129,494,000 after buying an additional 28,750 shares during the period. 70.40% of the stock is currently owned by institutional investors.
TSN stock opened at $63.40 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The company has a market cap of $23.32 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.98 and a beta of 0.11. Tyson Foods, Inc. has a 52 week low of $56.79 and a 52 week high of $84.65.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 6th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.33 by $0.17. The business had revenue of $10.05 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.28 earnings per share. analysts anticipate that Tyson Foods, Inc. will post 5.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.89%. Tyson Foods’s dividend payout ratio is currently 22.60%.
Several research analysts have commented on the stock. Barclays decreased their target price on shares of Tyson Foods from $80.00 to $73.00 and set a “buy” rating for the company in a report on Monday, July 30th. ValuEngine cut shares of Tyson Foods from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Stephens decreased their target price on shares of Tyson Foods to $73.00 and set an “overweight” rating for the company in a report on Monday, July 30th. They noted that the move was a valuation call. BMO Capital Markets decreased their target price on shares of Tyson Foods from $89.00 to $82.00 and set an “outperform” rating for the company in a report on Tuesday, August 7th. Finally, Argus cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, September 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $75.73.
In related news, insider Sally Grimes sold 19,258 shares of the firm’s stock in a transaction that occurred on Sunday, July 1st. The shares were sold at an average price of $68.85, for a total transaction of $1,325,913.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas P. Hayes sold 20,202 shares of the firm’s stock in a transaction that occurred on Sunday, July 1st. The stock was sold at an average price of $68.85, for a total transaction of $1,390,907.70. The disclosure for this sale can be found here. Company insiders own 2.65% of the company’s stock.
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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