AE Wealth Management LLC Has $387,000 Position in Tyson Foods, Inc. (TSN)
AE Wealth Management LLC trimmed its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 20.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,494 shares of the company’s stock after selling 1,440 shares during the period. AE Wealth Management LLC’s holdings in Tyson Foods were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of TSN. Sun Life Financial INC grew its holdings in Tyson Foods by 21,000.0% during the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after acquiring an additional 2,100 shares during the period. Washington Trust Bank grew its holdings in Tyson Foods by 60.0% during the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after acquiring an additional 840 shares during the period. Stevens First Principles Investment Advisors acquired a new stake in Tyson Foods in the third quarter valued at approximately $141,000. Archford Capital Strategies LLC grew its holdings in Tyson Foods by 27,492.3% in the second quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock valued at $149,000 after purchasing an additional 3,574 shares during the period. Finally, IFP Advisors Inc grew its holdings 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 during the period. 73.44% of the stock is currently owned by hedge funds and other institutional investors.
TSN has been the topic of several research analyst reports. Fundamental Research reissued a “buy” rating on shares of Tyson Foods in a report on Thursday, August 17th. BidaskClub raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Thursday, August 10th. Mizuho reissued a “buy” rating and issued a $76.00 price objective (up from $71.00) on shares of Tyson Foods in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a report on Thursday, July 27th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Tyson Foods presently has a consensus rating of “Buy” and an average price target of $73.71.
In related news, insider Scott Rouse sold 1,000 shares of Tyson Foods stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total transaction of $77,260.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.65% of the company’s stock.
Tyson Foods, Inc. (TSN) traded up $0.23 during midday trading on Tuesday, hitting $79.19. The stock had a trading volume of 777,735 shares, compared to its average volume of 2,655,466. The stock has a market capitalization of $28,660.00, a P/E ratio of 14.68 and a beta of 0.30. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $79.27. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 1.55.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.93 billion. During the same quarter last year, the business posted $0.96 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. research analysts forecast that Tyson Foods, Inc. will post 5.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.30 per share. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. Tyson Foods’s dividend payout ratio (DPR) is presently 18.79%.
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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