Tudor Investment Corp ET AL boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 232.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,155 shares of the company’s stock after buying an additional 30,855 shares during the period. Tudor Investment Corp ET AL’s holdings in Tyson Foods were worth $2,725,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position 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 valued at $130,000 after buying an additional 182 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Tyson Foods during the first quarter valued at $203,000. Great Lakes Advisors LLC bought a new position in shares of Tyson Foods during the first quarter valued at $214,000. First Mercantile Trust Co. bought a new position in shares of Tyson Foods during the first quarter valued at $216,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of Tyson Foods during the first quarter valued at $216,000. Institutional investors and hedge funds own 71.52% of the company’s stock.
Shares of Tyson Foods, Inc. (NYSE:TSN) traded down 0.57% during trading on Friday, reaching $63.00. The company’s stock had a trading volume of 1,012,162 shares. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $77.05. The stock’s 50-day moving average is $61.48 and its 200-day moving average is $61.99. The stock has a market cap of $23.12 billion, a P/E ratio of 13.16 and a beta of 0.25.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.05. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The firm had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $9.07 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts anticipate that Tyson Foods, Inc. will post $5.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.43%. Tyson Foods’s payout ratio is 18.79%.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Thursday, April 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a report on Thursday. J P Morgan Chase & Co lifted their price objective on Tyson Foods from $62.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, June 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a report on Thursday, June 15th. Finally, BidaskClub raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tyson Foods currently has a consensus rating of “Buy” and an average price target of $69.04.
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.
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