IFC Holdings Incorporated FL Reduces Stake in Tyson Foods, Inc. (TSN)
IFC Holdings Incorporated FL lowered its position in Tyson Foods, Inc. (NYSE:TSN) by 20.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,794 shares of the company’s stock after selling 963 shares during the period. IFC Holdings Incorporated FL’s holdings in Tyson Foods were worth $238,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. IFP Advisors Inc raised its position 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 worth $130,000 after buying an additional 182 shares in the last quarter. Washington Trust Bank raised its position 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 worth $140,000 after buying an additional 840 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position 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 worth $143,000 after buying an additional 1,357 shares in the last quarter. IHT Wealth Management LLC raised its position 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 worth $177,000 after buying an additional 1,100 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Tyson Foods during the first quarter worth $196,000. Hedge funds and other institutional investors own 71.05% of the company’s stock.
Shares of Tyson Foods, Inc. (TSN) opened at 65.96 on Wednesday. The company has a market capitalization of $24.20 billion, a price-to-earnings ratio of 13.91 and a beta of 0.26. Tyson Foods, Inc. has a 12 month low of $55.72 and a 12 month high of $77.05. The firm’s 50-day moving average is $62.50 and its 200 day moving average is $62.21.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The business had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the company posted $1.21 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts expect that Tyson Foods, Inc. will post $5.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.225 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.36%. Tyson Foods’s payout ratio is 18.95%.
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A number of equities analysts have weighed in on the stock. BMO Capital Markets reiterated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Thursday, June 15th. BidaskClub upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Thursday, July 13th. Royal Bank Of Canada increased their target price on shares of Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 8th. Finally, Mizuho assumed coverage on shares of Tyson Foods in a research report on Wednesday, June 7th. They set a “buy” rating and a $71.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Tyson Foods currently has an average rating of “Buy” and an average target price of $69.79.
In other Tyson Foods news, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $65.97, for a total value of $9,572,247.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mikel A. Durham purchased 2,809 shares of the company’s stock in a transaction on Monday, August 14th. The stock was acquired 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. Corporate insiders own 2.65% of the company’s stock.
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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