First Mercantile Trust Co. Has $219,000 Stake in Tyson Foods, Inc. (TSN)
First Mercantile Trust Co. held its position in Tyson Foods, Inc. (NYSE:TSN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,500 shares of the company’s stock at the end of the second quarter. First Mercantile Trust Co.’s holdings in Tyson Foods were worth $219,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of TSN. Koch Industries Inc. acquired a new position in Tyson Foods during the first quarter worth $343,000. Advisors Capital Management LLC raised its position in Tyson Foods by 5.8% in the second quarter. Advisors Capital Management LLC now owns 34,912 shares of the company’s stock worth $2,187,000 after buying an additional 1,918 shares during the period. JPMorgan Chase & Co. raised its position in Tyson Foods by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 5,855,494 shares of the company’s stock worth $361,341,000 after buying an additional 558,104 shares during the period. APG Asset Management N.V. raised its position in Tyson Foods by 10.3% in the second quarter. APG Asset Management N.V. now owns 3,784,280 shares of the company’s stock worth $237,009,000 after buying an additional 352,000 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in Tyson Foods during the first quarter worth $4,097,000. 71.05% of the stock is owned by hedge funds and other institutional investors.
Shares of Tyson Foods, Inc. (TSN) opened at 65.11 on Tuesday. The company has a market capitalization of $23.89 billion, a P/E ratio of 13.73 and a beta of 0.26. The stock’s 50 day moving average price is $62.88 and its 200 day moving average price is $62.26. Tyson Foods, Inc. has a 52-week low of $55.72 and a 52-week high of $77.05.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the company posted $1.21 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.
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A number of research analysts recently weighed in on TSN shares. Zacks Investment Research lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. ValuEngine downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $76.00 price target on shares of Tyson Foods in a research report on Tuesday, May 9th. Barclays PLC began coverage on Tyson Foods in a research report on Tuesday, June 6th. They issued an “overweight” rating and a $70.00 price target for the company. Finally, Credit Suisse Group began coverage on Tyson Foods in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.79.
In other Tyson Foods news, Director Mikel A. Durham purchased 2,809 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $65.77 per share, with a total value of $184,747.93. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $65.97, for a total value of $9,572,247.00. The disclosure for this sale can be found here. Corporate 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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