American Century Companies Inc. raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 33.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,548,763 shares of the company’s stock after buying an additional 388,685 shares during the period. American Century Companies Inc. owned about 0.42% of Tyson Foods worth $95,574,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Menora Mivtachim Holdings LTD. purchased a new stake in shares of Tyson Foods during the fourth quarter worth approximately $130,000. IFP Advisors Inc raised its stake in shares of Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock worth $130,000 after buying an additional 182 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Tyson Foods during the third quarter worth approximately $140,000. Financial Architects Inc raised its stake in shares of Tyson Foods by 18.1% in the third quarter. Financial Architects Inc now owns 2,170 shares of the company’s stock worth $162,000 after buying an additional 332 shares during the last quarter. Finally, Teza Capital Management LLC purchased a new stake in shares of Tyson Foods during the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 69.64% of the company’s stock.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.05. The company had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $9.07 billion. Tyson Foods had a net margin of 5.15% and a return on equity of 19.03%. Tyson Foods’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.90 annualized dividend and a yield of 1.56%. Tyson Foods’s dividend payout ratio (DPR) is presently 12.07%.
A number of analysts have recently commented on TSN shares. Vetr raised Tyson Foods from a “buy” rating to a “strong-buy” rating and set a $72.50 price target on the stock in a research note on Tuesday, February 21st. Argus lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, March 16th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Thursday, April 27th. Jefferies Group LLC reissued a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research note on Monday, April 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $68.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Tyson Foods currently has a consensus rating of “Hold” and an average price target of $70.45.
In other news, COO Noel W. White sold 116,678 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $62.44, for a total value of $7,285,374.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.65% of the stock is owned by insiders.
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.
Receive News & Ratings for Tyson Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.