BigSur Wealth Management LLC Acquires New Holdings in Tyson Foods, Inc. (NYSE:TSN)
BigSur Wealth Management LLC acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,050 shares of the company’s stock, valued at approximately $733,000.
A number of other institutional investors also recently modified their holdings of the stock. Advisory Services Network LLC raised its position in Tyson Foods by 3.4% in the first quarter. Advisory Services Network LLC now owns 13,961 shares of the company’s stock worth $969,000 after acquiring an additional 453 shares during the period. Ropes Wealth Advisors LLC bought a new position in Tyson Foods in the first quarter worth approximately $39,000. Meitav Dash Investments Ltd. bought a new position in Tyson Foods in the first quarter worth approximately $374,000. DNB Asset Management AS raised its position in Tyson Foods by 24.1% in the first quarter. DNB Asset Management AS now owns 80,875 shares of the company’s stock worth $5,615,000 after acquiring an additional 15,722 shares during the period. Finally, Burney Co. raised its position in Tyson Foods by 2.7% in the first quarter. Burney Co. now owns 155,680 shares of the company’s stock worth $10,809,000 after acquiring an additional 4,160 shares during the period. Institutional investors own 69.69% of the company’s stock.
Several research firms have weighed in on TSN. BMO Capital Markets decreased their price target on shares of AKITA Drilling from C$5.00 to C$3.50 in a research report on Tuesday, May 7th. Credit Suisse Group set a $96.00 price target on shares of Tyson Foods and gave the stock a “buy” rating in a research report on Thursday, June 13th. Argus decreased their price target on shares of Alliance Data Systems from $194.00 to $164.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th. They noted that the move was a valuation call. Pivotal Research increased their price target on shares of Tyson Foods from $40.00 to $50.00 and gave the stock a “sell” rating in a research report on Monday, May 6th. Finally, Standpoint Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $79.10.
Shares of NYSE TSN traded up $0.70 during midday trading on Tuesday, reaching $82.03. The stock had a trading volume of 1,351,300 shares, compared to its average volume of 2,797,944. The business’s 50-day simple moving average is $81.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.38 and a quick ratio of 0.54. The company has a market cap of $29.49 billion, a P/E ratio of 13.32 and a beta of 0.51. Tyson Foods, Inc. has a 12-month low of $49.77 and a 12-month high of $84.30.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 6th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.08. The firm had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.25 billion. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.27 earnings per share. Sell-side analysts predict that Tyson Foods, Inc. will post 5.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.83%. Tyson Foods’s dividend payout ratio (DPR) is presently 24.35%.
Tyson Foods Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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