Eaton Vance Management raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 37.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,378 shares of the company’s stock after purchasing an additional 26,550 shares during the period. Eaton Vance Management’s holdings in Tyson Foods were worth $5,856,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of TSN. MUFG Americas Holdings Corp raised its stake in shares of Tyson Foods by 99.3% during the 2nd quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock worth $119,000 after purchasing an additional 858 shares in the last quarter. Fort L.P. purchased a new stake in shares of Tyson Foods during the 2nd quarter worth about $119,000. Cerebellum GP LLC purchased a new stake in shares of Tyson Foods during the 3rd quarter worth about $170,000. Trilogy Capital Inc. purchased a new stake in shares of Tyson Foods during the 2nd quarter worth about $198,000. Finally, BKS Advisors LLC purchased a new stake in shares of Tyson Foods during the 2nd quarter worth about $203,000. 68.53% of the stock is owned by institutional investors.
Shares of TSN stock opened at $57.90 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.43 and a debt-to-equity ratio of 0.62. Tyson Foods, Inc. has a twelve month low of $56.36 and a twelve month high of $83.83. The company has a market capitalization of $21.26 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.89 and a beta of 0.11.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, February 28th. Tyson Foods’s dividend payout ratio (DPR) is presently 24.35%.
A number of equities research analysts have recently weighed in on TSN shares. ValuEngine raised Tyson Foods from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 28th. Argus downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, September 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research note on Monday, September 17th. Mizuho set a $82.00 price target on Tyson Foods and gave the stock a “buy” rating in a research note on Monday, September 17th. Finally, Zacks Investment Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, October 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Tyson Foods has an average rating of “Hold” and an average price target of $72.93.
Tyson Foods Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.
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