Vanguard Group Inc. raised its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 3.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 24,978,429 shares of the company’s stock after purchasing an additional 900,009 shares during the period. Vanguard Group Inc. owned approximately 6.81% of Tyson Foods worth $1,564,398,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Financial Counselors Inc. boosted its stake in Tyson Foods by 0.3% during the 2nd quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock valued at $301,000 after purchasing an additional 15 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its stake in Tyson Foods by 0.5% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 20,580 shares of the company’s stock valued at $1,270,000 after purchasing an additional 100 shares during the last quarter. CrestPoint Capital Management LLC boosted its stake in Tyson Foods by 0.5% during the 2nd quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock valued at $1,321,000 after purchasing an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Tyson Foods by 0.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 30,905 shares of the company’s stock valued at $1,907,000 after purchasing an additional 146 shares during the last quarter. Finally, Montecito Bank & Trust boosted its stake in Tyson Foods by 3.7% during the 2nd quarter. Montecito Bank & Trust now owns 4,160 shares of the company’s stock valued at $260,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 70.83% of the company’s stock.
Tyson Foods, Inc. (NYSE TSN) opened at 65.41 on Friday. The stock has a market cap of $24.00 billion, a P/E ratio of 13.79 and a beta of 0.26. Tyson Foods, Inc. has a 52 week low of $55.72 and a 52 week high of $76.93. The stock has a 50 day moving average price of $64.80 and a 200-day moving average price of $62.35.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The firm had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods, Inc. will post $5.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s payout ratio is 18.95%.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Thursday, August 10th. BMO Capital Markets reiterated an “outperform” rating and set a $78.00 price target (up previously from $75.00) on shares of Tyson Foods in a research note on Thursday, August 10th. Pivotal Research reiterated a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research note on Tuesday, August 8th. Royal Bank Of Canada lifted their price target on Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 8th. Finally, Mizuho reiterated a “buy” rating and set a $76.00 price target (up previously from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $69.79.
In other news, Director Mikel A. Durham purchased 2,809 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $65.77 per share, for a total transaction of $184,747.93. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dennis Leatherby sold 145,100 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 2.65% of the company’s stock.
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About Tyson Foods
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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