Robeco Institutional Asset Management B.V. decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 23.4% during the 3rd quarter, Holdings Channel reports. The firm owned 164,742 shares of the company’s stock after selling 50,192 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Tyson Foods were worth $9,806,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of TSN. BerganKDV Wealth Management LLC acquired a new stake in Tyson Foods in the second quarter valued at $103,000. Trust Department MB Financial Bank N A acquired a new stake in Tyson Foods in the second quarter valued at $106,000. MUFG Americas Holdings Corp grew its holdings in 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 purchasing an additional 858 shares during the last quarter. Fort L.P. acquired a new stake in Tyson Foods in the second quarter valued at $119,000. Finally, Cerebellum GP LLC acquired a new stake in Tyson Foods in the third quarter valued at $170,000. 70.35% of the stock is currently owned by institutional investors.
TSN opened at $62.36 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71. The firm has a market cap of $22.73 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.94 and a beta of 0.14. 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 data on Monday, August 6th. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.17. The business had revenue of $10.05 billion for the quarter, compared to analyst estimates of $10.22 billion. Tyson Foods had a return on equity of 18.84% and a net margin of 7.17%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 earnings per share. Equities analysts predict that Tyson Foods, Inc. will post 5.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.92%. Tyson Foods’s payout ratio is currently 22.60%.
Several research firms have weighed in on TSN. Standpoint Research began coverage on Tyson Foods in a report on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 target price on the stock. Zacks Investment Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. ValuEngine raised Tyson Foods from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 9th. Mizuho set a $82.00 target price on Tyson Foods and gave the company a “buy” rating in a report on Monday, September 17th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a report on Monday, September 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $74.56.
About Tyson Foods
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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