Iridian Asset Management LLC CT boosted its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 64.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,833,048 shares of the company’s stock after purchasing an additional 1,893,438 shares during the period. Tyson Foods makes up 2.9% of Iridian Asset Management LLC CT’s holdings, making the stock its 9th biggest holding. Iridian Asset Management LLC CT owned 1.35% of Tyson Foods worth $340,488,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. LS Investment Advisors LLC increased its position in shares of Tyson Foods by 4.0% during the second quarter. LS Investment Advisors LLC now owns 12,994 shares of the company’s stock valued at $814,000 after acquiring an additional 498 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Tyson Foods by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 17,900 shares of the company’s stock valued at $1,121,000 after acquiring an additional 300 shares during the last quarter. Aperio Group LLC increased its position in shares of Tyson Foods by 4.4% during the second quarter. Aperio Group LLC now owns 159,275 shares of the company’s stock valued at $9,975,000 after acquiring an additional 6,702 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Tyson Foods during the second quarter valued at about $947,000. Finally, Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new stake in shares of Tyson Foods during the second quarter valued at about $1,449,000. 70.69% of the stock is currently owned by institutional investors.
In related news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $0.53, for a total value of $56,849.92. 2.65% of the stock is owned by corporate insiders.
A number of brokerages recently weighed in on TSN. Fundamental Research set a C$1.82 price objective on shares of Tyson Foods and gave the company a “buy” rating in a report on Thursday, August 17th. BidaskClub upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Credit Suisse Group restated a “neutral” rating and issued a $75.00 price objective (up previously from $70.00) on shares of Tyson Foods in a report on Sunday, October 1st. They noted that the move was a valuation call. Jefferies Group LLC set a $85.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a report on Monday, October 30th. Finally, upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Tyson Foods has a consensus rating of “Buy” and an average target price of $73.71.
Tyson Foods, Inc. (NYSE TSN) traded up $1.05 during mid-day trading on Friday, reaching $77.26. 2,567,600 shares of the company traded hands, compared to its average volume of 2,657,321. Tyson Foods, Inc. has a 1 year low of $55.72 and a 1 year high of $77.74. The stock has a market cap of $28,620.00, a P/E ratio of 14.35 and a beta of 0.30. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.79 and a current ratio of 1.55.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, November 13th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.38 by $0.05. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.93 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. Tyson Foods’s revenue for the quarter was up 10.8% on a year-over-year basis. research analysts anticipate that Tyson Foods, Inc. will post 5.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.30 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 28th. This represents a $1.20 annualized dividend and a yield of 1.55%. Tyson Foods’s dividend payout ratio is 18.79%.
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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