Neuberger Berman Group LLC Sells 2,541 Shares of Tyson Foods, Inc. (TSN)
Neuberger Berman Group LLC reduced its holdings in Tyson Foods, Inc. (NYSE:TSN) by 9.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,943 shares of the company’s stock after selling 2,541 shares during the period. Neuberger Berman Group LLC’s holdings in Tyson Foods were worth $1,500,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Washington Trust Bank grew its stake in shares of Tyson Foods by 60.0% in the 2nd 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. grew its stake in shares of Tyson Foods by 146.7% in the 2nd 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. IFP Advisors Inc grew its stake in shares of Tyson Foods by 17.0% in the 2nd quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock worth $155,000 after buying an additional 359 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of Tyson Foods by 62.9% in the 1st 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 purchased a new position in shares of Tyson Foods in the 1st quarter worth $196,000. 70.85% of the stock is owned by institutional investors and hedge funds.
Shares of Tyson Foods, Inc. (NYSE:TSN) opened at 66.87 on Friday. The company’s 50-day moving average is $64.59 and its 200-day moving average is $62.31. The company has a market cap of $24.53 billion, a price-to-earnings ratio of 14.10 and a beta of 0.26. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $76.93.
Tyson Foods (NYSE:TSN) last announced its 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. The company had revenue of $9.85 billion during the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. Tyson Foods’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. On average, equities analysts predict that Tyson Foods, Inc. will post $5.06 EPS for the current year.
The business also recently announced 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 1.35%. 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, CFO Dennis Leatherby sold 145,100 shares of the stock in a transaction dated Monday, August 14th. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mikel A. Durham bought 2,809 shares of the stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. Company insiders own 2.65% of the company’s stock.
A number of research firms recently commented on TSN. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Thursday, August 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $78.00 price target (up from $75.00) on shares of Tyson Foods in a research note on Thursday, August 10th. Pivotal Research reaffirmed a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research note on Tuesday, August 8th. Royal Bank Of Canada lifted their price target on shares of Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 8th. Finally, Mizuho reaffirmed a “buy” rating and set a $76.00 price target (up from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $69.79.
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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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