Tyson Foods, Inc. (TSN) Position Raised by Fmr LLC
Fmr LLC boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 155.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,010,522 shares of the company’s stock after purchasing an additional 1,223,351 shares during the quarter. Fmr LLC owned about 0.55% of Tyson Foods worth $125,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Washington Trust Bank raised its stake in Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after purchasing an additional 840 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after purchasing an additional 1,357 shares in the last quarter. IFP Advisors Inc raised its stake in Tyson Foods by 17.0% in the second quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock valued at $155,000 after purchasing an additional 359 shares in the last quarter. IHT Wealth Management LLC raised its stake in Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $177,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in Tyson Foods in the first quarter valued at approximately $196,000. 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 stock in a transaction on Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mikel A. Durham purchased 2,809 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were bought 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. Corporate insiders own 2.65% of the company’s stock.
Tyson Foods, Inc. (TSN) opened at 70.66 on Friday. Tyson Foods, Inc. has a 52 week low of $55.72 and a 52 week high of $72.88. The stock has a market capitalization of $25.92 billion, a P/E ratio of 14.90 and a beta of 0.28. The company 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 quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share 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 company had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. Tyson Foods’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts expect that Tyson Foods, Inc. will post $5.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.27%. Tyson Foods’s payout ratio is presently 18.95%.
A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Credit Suisse Group reissued a “neutral” rating and set a $75.00 price target (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. Pivotal Research reissued a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research note on Wednesday, July 12th. Mizuho reissued a “buy” rating and set a $71.00 price target on shares of Tyson Foods in a research note on Monday, July 10th. Finally, BMO Capital Markets reissued a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Tyson Foods currently has a consensus rating of “Buy” and a consensus price target of $72.96.
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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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