Jolley Asset Management LLC grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,913 shares of the company’s stock after acquiring an additional 1,773 shares during the quarter. Tyson Foods comprises 2.6% of Jolley Asset Management LLC’s portfolio, making the stock its 27th biggest position. Jolley Asset Management LLC’s holdings in Tyson Foods were worth $3,924,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. BerganKDV Wealth Management LLC acquired a new stake in shares of Tyson Foods in the second quarter valued at about $103,000. Trust Department MB Financial Bank N A acquired a new stake in shares of Tyson Foods in the second quarter valued at about $106,000. MUFG Americas Holdings Corp grew its stake in shares of Tyson Foods by 99.3% in the second quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock valued at $119,000 after buying an additional 858 shares in the last quarter. Fort L.P. acquired a new stake in shares of Tyson Foods in the second quarter valued at about $119,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Tyson Foods in the third quarter valued at about $170,000. Institutional investors own 70.21% of the company’s stock.
A number of research firms have recently issued reports on TSN. reiterated a “sell” rating on shares of Tyson Foods in a research note on Thursday, July 5th. ValuEngine lowered Tyson Foods from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a research note on Monday, September 17th. Zacks Investment Research lowered Tyson Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, Mizuho set a $82.00 target price on Tyson Foods and gave the company a “buy” rating in a research note on Monday, September 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $74.60.
TSN traded up $0.44 on Thursday, reaching $62.41. The company’s stock had a trading volume of 95,323 shares, compared to its average volume of 2,353,505. The company has a market capitalization of $21.79 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.92 and a beta of 0.14. Tyson Foods, Inc. has a 1 year low of $56.79 and a 1 year high of $84.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.66 and a current ratio of 1.48.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 6th. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.17. The firm had revenue of $10.05 billion during the quarter, compared to the consensus estimate of $10.22 billion. Tyson Foods had a return on equity of 18.84% and a net margin of 7.17%. Tyson Foods’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 earnings per share. As a group, equities research analysts forecast that Tyson Foods, Inc. will post 5.89 earnings per share for the current fiscal year.
The firm 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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.92%. Tyson Foods’s dividend payout ratio is currently 22.60%.
Tyson Foods 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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