Tyson Foods, Inc. (TSN) Shares Sold by Tredje AP fonden
Tredje AP fonden reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 21.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,010 shares of the company’s stock after selling 25,574 shares during the quarter. Tredje AP fonden’s holdings in Tyson Foods were worth $5,825,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its holdings in Tyson Foods by 9.4% in the 1st quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock valued at $130,000 after buying an additional 182 shares during the period. Washington Trust Bank increased its holdings in Tyson Foods by 60.0% in the 2nd quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after buying an additional 840 shares during the period. Independent Portfolio Consultants Inc. increased its holdings in Tyson Foods by 146.7% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after buying an additional 1,357 shares during the period. IHT Wealth Management LLC increased its holdings in Tyson Foods by 62.9% in the 1st quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $177,000 after buying an additional 1,100 shares during the period. Finally, Harbour Capital Advisors LLC bought a new stake in Tyson Foods in the 1st quarter valued at $196,000. Hedge funds and other institutional investors own 70.85% of the company’s stock.
In other news, CFO Dennis Leatherby sold 145,100 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mikel A. Durham acquired 2,809 shares of Tyson Foods stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $65.77 per share, for a total transaction of $184,747.93. The disclosure for this purchase can be found here. 2.65% of the stock is currently owned by corporate insiders.
Shares of Tyson Foods, Inc. (NYSE TSN) opened at 64.65 on Friday. The company has a market capitalization of $23.72 billion, a PE ratio of 13.63 and a beta of 0.26. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $76.93. The stock’s 50 day moving average price is $63.95 and its 200 day moving average price is $62.18.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.21 EPS. On average, equities research analysts forecast that Tyson Foods, Inc. will post $5.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.225 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.39%. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.
TSN has been the topic of several analyst reports. BidaskClub lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Pivotal Research reiterated a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research report on Wednesday, July 12th. Mizuho reiterated a “buy” rating and set a $71.00 price target on shares of Tyson Foods in a research report on Monday, July 10th. Credit Suisse Group set a $70.00 target price on shares of Tyson Foods and gave the company a “neutral” rating in a research report on Tuesday, August 8th. Finally, BMO Capital Markets restated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Thursday, June 15th. 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 issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $69.79.
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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