Tyson Foods, Inc. (TSN) Holdings Increased by Janus Henderson Group PLC
Janus Henderson Group PLC boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 6,356.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,478,942 shares of the company’s stock after purchasing an additional 2,440,548 shares during the quarter. Janus Henderson Group PLC owned about 0.68% of Tyson Foods worth $155,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSN. Sun Life Financial INC lifted its stake in Tyson Foods by 21,000.0% in the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after purchasing an additional 2,100 shares in the last quarter. Washington Trust Bank lifted its stake in 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 purchasing an additional 840 shares in the last quarter. Independent Portfolio Consultants Inc. lifted its stake in 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 purchasing an additional 1,357 shares in the last quarter. IFP Advisors Inc lifted its stake in 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 purchasing an additional 359 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its stake in 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 purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 71.89% of the company’s stock.
Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 target price on the stock in a research note on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $77.00 target price (up from $70.00) on shares of Tyson Foods in a research note on Friday. Jefferies Group LLC increased their target price on shares of Tyson Foods from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. Credit Suisse Group reiterated a “neutral” rating and issued a $75.00 target price (up from $70.00) on shares of Tyson Foods in a research note on Sunday, October 1st. They noted that the move was a valuation call. Finally, Barclays PLC increased their target price on shares of Tyson Foods from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $72.96.
Shares of Tyson Foods, Inc. (NYSE TSN) traded down 0.58% during trading on Friday, hitting $70.66. 1,853,179 shares of the stock were exchanged. The stock has a market cap of $25.92 billion, a PE ratio of 14.90 and a beta of 0.28. Tyson Foods, Inc. has a 52-week low of $55.72 and a 52-week high of $72.88. The firm has a 50 day moving average of $66.04 and a 200-day moving average of $62.88.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 7th. The company reported $1.28 EPS 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 firm had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that Tyson Foods, Inc. will post $5.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.
In other news, CFO Dennis Leatherby sold 145,100 shares of the business’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 filing with the SEC, which is available at the SEC website. Also, Director Mikel A. Durham bought 2,809 shares of the stock in a transaction dated Monday, August 14th. The stock was bought at an average cost 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.
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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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