The Manufacturers Life Insurance Company raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 296,015 shares of the company’s stock after acquiring an additional 3,232 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Tyson Foods were worth $20,552,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in TSN. Zions Bancorporation N.A. bought a new position in shares of Tyson Foods during the first quarter worth $25,000. Moody National Bank Trust Division bought a new position in shares of Tyson Foods during the first quarter worth $31,000. Global Retirement Partners LLC boosted its position in shares of Tyson Foods by 100.0% during the first quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares in the last quarter. Harvest Group Wealth Management LLC bought a new position in shares of Tyson Foods during the first quarter worth $37,000. Finally, PRW Wealth Management LLC bought a new position in shares of Tyson Foods during the fourth quarter worth $29,000. 69.70% of the stock is currently owned by hedge funds and other institutional investors.
TSN opened at $81.91 on Friday. The firm has a market capitalization of $30.12 billion, a P/E ratio of 14.08 and a beta of 0.47. Tyson Foods, Inc. has a 12 month low of $49.77 and a 12 month high of $84.30. The company has a current ratio of 1.38, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, May 6th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. The business had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.25 billion. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.27 EPS. As a group, equities analysts forecast that Tyson Foods, Inc. will post 5.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.375 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.50 annualized dividend and a yield of 1.83%. Tyson Foods’s dividend payout ratio is currently 24.35%.
In other Tyson Foods news, insider Chad Roderick Martin sold 6,300 shares of Tyson Foods stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $77.24, for a total value of $486,612.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mary Oleksiuk sold 44,967 shares of Tyson Foods stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $77.09, for a total transaction of $3,466,506.03. The disclosure for this sale can be found here. Insiders sold a total of 84,433 shares of company stock worth $6,680,525 over the last ninety days. 1.69% of the stock is currently owned by insiders.
A number of equities analysts have recently weighed in on TSN shares. ValuEngine raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Jefferies Financial Group reissued a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research report on Sunday, February 17th. Pivotal Research boosted their price objective on shares of Tyson Foods from $40.00 to $50.00 and gave the company a “sell” rating in a research report on Monday, May 6th. Finally, Stephens started coverage on shares of Tyson Foods in a research report on Monday, March 4th. They issued an “overweight” rating and a $62.26 price objective on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $77.94.
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Tyson Foods Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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