Mirae Asset Global Investments Co. Ltd. Buys Shares of 5,202 Tyson Foods, Inc. (TSN)
Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 5,202 shares of the company’s stock, valued at approximately $322,000.
Other institutional investors have also recently modified their holdings of the company. Zweig DiMenna Associates LLC purchased a new position in shares of Tyson Foods during the third quarter valued at about $239,000. State of Tennessee Treasury Department boosted its position in shares of Tyson Foods by 65.8% in the third quarter. State of Tennessee Treasury Department now owns 898,324 shares of the company’s stock valued at $67,078,000 after buying an additional 356,641 shares during the period. WINTON GROUP Ltd boosted its position in shares of Tyson Foods by 20.9% in the third quarter. WINTON GROUP Ltd now owns 1,248,258 shares of the company’s stock valued at $93,207,000 after buying an additional 215,850 shares during the period. Americafirst Capital Management LLC purchased a new position in shares of Tyson Foods during the third quarter valued at about $1,739,000. Finally, Affinity Investment Advisors LLC boosted its position in shares of Tyson Foods by 51.6% in the third quarter. Affinity Investment Advisors LLC now owns 294,177 shares of the company’s stock valued at $21,966,000 after buying an additional 100,152 shares during the period. Institutional investors own 69.64% of the company’s stock.
Tyson Foods, Inc. (NYSE:TSN) traded down 0.56% during midday trading on Thursday, hitting $58.10. The stock had a trading volume of 1,943,911 shares. The company has a market cap of $21.32 billion, a P/E ratio of 12.14 and a beta of 0.17. The stock’s 50-day moving average is $61.65 and its 200-day moving average is $62.48. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $77.05.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 8th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.06 by $0.05. The business had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $9.07 billion. Tyson Foods had a net margin of 5.15% and a return on equity of 19.03%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. Equities analysts predict that Tyson Foods, Inc. will post $4.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, August 30th. Tyson Foods’s payout ratio is 12.07%.
Several brokerages have recently issued reports on TSN. Vetr cut Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $72.50 price target on the stock. in a research report on Thursday, February 2nd. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Wednesday, February 8th. Jefferies Group LLC reiterated a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research report on Tuesday, February 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $68.00 price target on shares of Tyson Foods in a research report on Tuesday, February 7th. Finally, Argus cut Tyson Foods from a “buy” rating to a “hold” rating in a research report on Thursday, March 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Tyson Foods currently has a consensus rating of “Hold” and a consensus target price of $70.45.
In other Tyson Foods news, COO Noel W. White sold 116,678 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $62.44, for a total transaction of $7,285,374.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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