Tyson Foods, Inc. (TSN) Position Held by HGK Asset Management Inc.
HGK Asset Management Inc. held its position in Tyson Foods, Inc. (NYSE:TSN) during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,674 shares of the company’s stock at the close of the second quarter. HGK Asset Management Inc.’s holdings in Tyson Foods were worth $230,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in TSN. BlackRock Inc. lifted its position in Tyson Foods by 2,404.6% during the 1st quarter. BlackRock Inc. now owns 19,055,591 shares of the company’s stock valued at $1,175,919,000 after purchasing an additional 18,294,771 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Tyson Foods during the 1st quarter valued at about $73,273,000. Skandinaviska Enskilda Banken AB publ lifted its position in Tyson Foods by 2,655.1% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 1,216,095 shares of the company’s stock valued at $75,045,000 after purchasing an additional 1,171,956 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Tyson Foods by 70.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,298,455 shares of the company’s stock valued at $141,838,000 after purchasing an additional 947,215 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Tyson Foods by 74.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,989,863 shares of the company’s stock valued at $124,644,000 after purchasing an additional 846,535 shares during the period. Institutional investors own 70.85% of the company’s stock.
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TSN has been the topic of a number of research reports. ValuEngine downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Barclays PLC initiated coverage on shares of Tyson Foods in a research report on Tuesday, June 6th. They set an “overweight” rating and a $70.00 target price on the stock. Mizuho started 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 on the stock. Vertical Research raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $69.79.
Shares of Tyson Foods, Inc. (NYSE:TSN) opened at 65.53 on Wednesday. The company’s 50-day moving average price is $64.18 and its 200-day moving average price is $62.20. The company has a market capitalization of $24.04 billion, a PE ratio of 13.82 and a beta of 0.26. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $76.93.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share (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 firm had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the firm earned $1.21 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect 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. Shareholders of record on Friday, December 1st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.
In other Tyson Foods news, Director Mikel A. Durham purchased 2,809 shares of the company’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of $65.77 per share, with a total value of $184,747.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dennis Leatherby sold 145,100 shares of the business’s stock in a transaction that occurred 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. 2.65% of the stock is currently owned by insiders.
Tyson Foods 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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