Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Trustcore Financial Services LLC
Trustcore Financial Services LLC raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 6,250.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 508 shares of the company’s stock after buying an additional 500 shares during the period. Trustcore Financial Services LLC’s holdings in Tyson Foods were worth $29,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its position in shares of Tyson Foods by 2,488.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 11,934 shares of the company’s stock worth $691,000 after purchasing an additional 11,473 shares in the last quarter. ING Groep NV acquired a new stake in shares of Tyson Foods during the first quarter worth about $10,029,000. TCF National Bank increased its position in shares of Tyson Foods by 13.5% during the first quarter. TCF National Bank now owns 15,828 shares of the company’s stock worth $916,000 after purchasing an additional 1,885 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Tyson Foods by 4.0% during the first quarter. Bank of New York Mellon Corp now owns 2,156,079 shares of the company’s stock worth $124,772,000 after purchasing an additional 82,524 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Tyson Foods by 8.0% during the first quarter. Rhumbline Advisers now owns 724,173 shares of the company’s stock worth $41,908,000 after purchasing an additional 53,696 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.
Shares of NYSE:TSN opened at $58.21 on Friday. The business’s 50 day simple moving average is $59.51 and its 200-day simple moving average is $76.10. The firm has a market capitalization of $22.00 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.61 and a quick ratio of 0.70. Tyson Foods, Inc. has a 12 month low of $42.57 and a 12 month high of $94.24.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.68 dividend on an annualized basis and a yield of 2.89%. Tyson Foods’s payout ratio is currently 30.77%.
In other Tyson Foods news, EVP Scott Rouse sold 600 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $58.12, for a total value of $34,872.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.68% of the company’s stock.
A number of analysts have recently commented on TSN shares. Zacks Investment Research cut Tyson Foods from a “hold” rating to a “sell” rating and set a $66.00 target price on the stock. in a research report on Saturday, May 2nd. Cfra upgraded Tyson Foods to a “buy” rating and set a $105.00 target price on the stock in a research report on Wednesday, January 29th. Bank of America cut Tyson Foods from a “buy” rating to a “neutral” rating and dropped their price target for the company from $70.00 to $60.00 in a research report on Tuesday, May 5th. Sanford C. Bernstein cut Tyson Foods from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $88.00 to $65.00 in a research report on Friday, April 24th. Finally, Piper Sandler cut Tyson Foods from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $100.00 to $66.00 in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Tyson Foods has a consensus rating of “Hold” and an average target price of $75.15.
Tyson Foods Company 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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