Zurcher Kantonalbank Zurich Cantonalbank Sells 68,435 Shares of Tyson Foods, Inc. (TSN)
Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Tyson Foods, Inc. (NYSE:TSN) by 41.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,515 shares of the company’s stock after selling 68,435 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tyson Foods were worth $6,170,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. ProShare Advisors LLC boosted its stake in shares of Tyson Foods by 11.7% in the first quarter. ProShare Advisors LLC now owns 58,431 shares of the company’s stock worth $3,606,000 after buying an additional 6,143 shares during the last quarter. First Mercantile Trust Co. bought a new position in Tyson Foods during the first quarter valued at $216,000. IFP Advisors Inc boosted its position in Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock valued at $130,000 after buying an additional 182 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Tyson Foods by 7.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 24,208 shares of the company’s stock valued at $1,493,000 after buying an additional 1,672 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Tyson Foods by 43.9% in the first quarter. Jennison Associates LLC now owns 37,248 shares of the company’s stock valued at $2,299,000 after buying an additional 11,362 shares in the last quarter. Institutional investors own 70.83% of the company’s stock.
Tyson Foods, Inc. (NYSE TSN) opened at 64.53 on Friday. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $77.05. The stock has a market cap of $23.68 billion, a PE ratio of 13.61 and a beta of 0.26. The firm has a 50-day moving average of $63.59 and a 200-day moving average of $62.21.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The company had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. Tyson Foods’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Tyson Foods, Inc. will post $5.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s payout ratio is 18.95%.
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Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Pivotal Research reiterated a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research report on Tuesday, August 8th. ValuEngine lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tyson Foods presently has an average rating of “Buy” and an average target price of $69.79.
In other Tyson Foods news, Director Mikel A. Durham acquired 2,809 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost of $65.77 per share, with a total value of $184,747.93. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The disclosure for this sale can be found here. 2.65% of the stock is owned by insiders.
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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