Tyson Foods, Inc. (TSN) Shares Sold by QS Investors LLC
QS Investors LLC reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 26.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,515 shares of the company’s stock after selling 22,643 shares during the period. QS Investors LLC’s holdings in Tyson Foods were worth $3,853,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in shares of Tyson Foods by 63.9% during the 2nd quarter. Stifel Financial Corp now owns 5,434 shares of the company’s stock worth $341,000 after purchasing an additional 2,119 shares during the period. Zacks Investment Management increased its position in Tyson Foods by 14.4% during the 2nd quarter. Zacks Investment Management now owns 35,653 shares of the company’s stock worth $2,233,000 after purchasing an additional 4,486 shares in the last quarter. Brookmont Capital Management acquired a new stake in Tyson Foods during the 2nd quarter worth approximately $214,000. Huber Capital Management LLC increased its position in Tyson Foods by 2.6% during the 2nd quarter. Huber Capital Management LLC now owns 296,780 shares of the company’s stock worth $18,587,000 after purchasing an additional 7,400 shares in the last quarter. Finally, Veritable L.P. increased its position in Tyson Foods by 88.7% during the 2nd quarter. Veritable L.P. now owns 8,293 shares of the company’s stock worth $519,000 after purchasing an additional 3,898 shares in the last quarter. 71.89% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Dennis Leatherby sold 145,100 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mikel A. Durham bought 2,809 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was 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 insiders.
TSN has been the topic of several research reports. Jefferies Group LLC raised their price target on shares of Tyson Foods from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday. Mizuho reiterated a “buy” rating and set a $76.00 price objective on shares of Tyson Foods in a research note on Monday. Barclays PLC boosted their price objective on shares of Tyson Foods from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday. Credit Suisse Group reissued a “neutral” rating and issued a $75.00 price objective (up previously from $70.00) on shares of Tyson Foods in a research report on Sunday. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $71.63.
Shares of Tyson Foods, Inc. (TSN) opened at 71.34 on Wednesday. Tyson Foods, Inc. has a 52 week low of $55.72 and a 52 week high of $74.65. The firm has a market capitalization of $26.17 billion, a P/E ratio of 15.04 and a beta of 0.28. The stock’s 50 day moving average price is $65.55 and its 200 day moving average price is $62.69.
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 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 company had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts predict that Tyson Foods, Inc. will post $5.14 EPS for the current fiscal 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 paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s payout ratio is 18.95%.
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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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