Tyson Foods Inc. (TSN) Position Boosted by Chicago Equity Partners LLC
Chicago Equity Partners LLC increased its stake in shares of Tyson Foods Inc. (NYSE:TSN) by 5.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 466,135 shares of the company’s stock after buying an additional 22,485 shares during the period. Tyson Foods comprises 0.9% of Chicago Equity Partners LLC’s investment portfolio, making the stock its 18th largest position. Chicago Equity Partners LLC owned about 0.12% of Tyson Foods worth $31,133,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Bank of Montreal Can bought a new stake in Tyson Foods during the second quarter valued at $169,614,000. AXA boosted its stake in Tyson Foods by 1,459.3% in the first quarter. AXA now owns 1,063,460 shares of the company’s stock valued at $70,890,000 after buying an additional 995,260 shares during the period. State Street Corp boosted its stake in Tyson Foods by 5.3% in the first quarter. State Street Corp now owns 12,852,492 shares of the company’s stock valued at $856,748,000 after buying an additional 647,431 shares during the period. Canada Pension Plan Investment Board boosted its stake in Tyson Foods by 2,527.8% in the first quarter. Canada Pension Plan Investment Board now owns 482,252 shares of the company’s stock valued at $32,147,000 after buying an additional 463,900 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in Tyson Foods by 1,233.6% in the first quarter. Panagora Asset Management Inc. now owns 454,892 shares of the company’s stock valued at $30,323,000 after buying an additional 420,783 shares during the period. Institutional investors and hedge funds own 74.12% of the company’s stock.
Shares of Tyson Foods Inc. (NYSE:TSN) traded up 0.01% during trading on Tuesday, reaching $71.56. The company’s stock had a trading volume of 1,691,368 shares. Tyson Foods Inc. has a 12-month low of $42.89 and a 12-month high of $77.05. The firm’s 50-day moving average is $74.00 and its 200-day moving average is $69.35. The stock has a market capitalization of $27.34 billion, a PE ratio of 17.40 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 8th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.15. The company had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.32 billion. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. Tyson Foods’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS. Equities analysts expect that Tyson Foods Inc. will post $4.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.84%. The ex-dividend date is Tuesday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently 14.53%.
Several analysts recently weighed in on TSN shares. Pivotal Research cut shares of Tyson Foods from a “buy” rating to a “sell” rating and cut their price target for the company from $100.00 to $40.00 in a report on Friday, October 7th. Jefferies Group lifted their price target on shares of Tyson Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. JPMorgan Chase & Co. reiterated a “focus list” rating on shares of Tyson Foods in a report on Tuesday, October 4th. Vetr lowered Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 price objective for the company. in a research report on Wednesday, June 22nd. Finally, Credit Agricole SA raised their price objective on Tyson Foods from $77.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $68.42.
In other news, Chairman John H. Tyson sold 282,478 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $74.22, for a total transaction of $20,965,517.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Donald Smith sold 38,006 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $75.20, for a total value of $2,858,051.20. The disclosure for this sale can be found here. 2.69% of the stock is owned by company insiders.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
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