RDL Financial Inc. trimmed its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 13.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,865 shares of the company’s stock after selling 3,956 shares during the period. RDL Financial Inc.’s holdings in Tyson Foods were worth $1,620,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in shares of Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock valued at $130,000 after buying an additional 182 shares during the period. Washington Trust Bank lifted its stake in shares of Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after buying an additional 840 shares during the period. Independent Portfolio Consultants Inc. lifted its stake in shares of Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after buying an additional 1,357 shares during the period. IHT Wealth Management LLC lifted its stake in shares of Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $177,000 after buying an additional 1,100 shares during the period. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Tyson Foods in the first quarter valued at about $196,000. Institutional investors and hedge funds own 70.85% of the company’s stock.
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TSN has been the subject of several recent research reports. Zacks Investment Research lowered shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 28th. J P Morgan Chase & Co increased their price target on shares of Tyson Foods from $62.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, June 26th. BMO Capital Markets reissued a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a research report on Thursday, June 15th. Credit Suisse Group initiated coverage on shares of Tyson Foods in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $65.00 price target for the company. Finally, BidaskClub raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.79.
Shares of Tyson Foods, Inc. (NYSE TSN) opened at 66.87 on Friday. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $76.93. The firm has a market cap of $24.53 billion, a price-to-earnings ratio of 14.10 and a beta of 0.26. The company has a 50 day moving average of $64.59 and a 200-day moving average of $62.31.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The company had revenue of $9.85 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the business earned $1.21 earnings per share. Tyson Foods’s revenue was up 4.8% compared to the same quarter last year. On average, analysts expect that Tyson Foods, Inc. will post $5.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.35%. Tyson Foods’s payout ratio is presently 18.95%.
In other Tyson Foods news, CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mikel A. Durham bought 2,809 shares of the company’s stock in a transaction on Monday, August 14th. The shares were bought at an average price of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. Insiders own 2.65% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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