Strategic Global Advisors LLC trimmed its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 13.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,979 shares of the company’s stock after selling 4,970 shares during the quarter. Strategic Global Advisors LLC’s holdings in Tyson Foods were worth $1,940,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Washington Trust Bank increased its stake in Tyson Foods by 60.0% during the 2nd quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after purchasing an additional 840 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in Tyson Foods by 146.7% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock worth $143,000 after acquiring an additional 1,357 shares during the last quarter. IFP Advisors Inc boosted its position in Tyson Foods by 17.0% during the 2nd quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock worth $155,000 after acquiring an additional 359 shares during the last quarter. IHT Wealth Management LLC boosted its position in Tyson Foods by 62.9% during the 1st quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock worth $177,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in Tyson Foods during the 1st quarter worth approximately $196,000. 70.85% of the stock is owned by institutional investors and hedge funds.
Tyson Foods, Inc. (NYSE:TSN) traded up 0.83% during midday trading on Friday, hitting $66.87. The stock had a trading volume of 3,695,190 shares. The stock’s 50-day moving average is $64.59 and its 200-day moving average is $62.31. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $76.93. The stock has a market capitalization of $24.53 billion, a PE ratio of 14.10 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. On average, equities research analysts anticipate that Tyson Foods, Inc. will post $5.06 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.35%. Tyson Foods’s dividend payout ratio (DPR) is currently 18.95%.
A number of research firms have weighed in on TSN. Zacks Investment Research downgraded Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 28th. BidaskClub downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Fundamental Research reaffirmed a “buy” rating on shares of Tyson Foods in a research report on Thursday, August 17th. BMO Capital Markets reaffirmed an “outperform” rating and set a $78.00 price target (up previously from $75.00) on shares of Tyson Foods in a research report on Thursday, August 10th. Finally, Mizuho reaffirmed a “buy” rating and set a $76.00 price target (up previously from $71.00) on shares of Tyson Foods in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $69.79.
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In related news, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mikel A. Durham purchased 2,809 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average price of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. Corporate insiders own 2.65% of the company’s stock.
Tyson Foods Company 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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