Rampart Investment Management Company LLC lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 223.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,792 shares of the company’s stock after buying an additional 6,765 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Tyson Foods were worth $198,798,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. MUFG Americas Holdings Corp increased its holdings in 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 during the period. Fort L.P. purchased a new stake in Tyson Foods during the 2nd quarter worth about $119,000. Cerebellum GP LLC purchased a new stake in Tyson Foods during the 3rd quarter worth about $170,000. Trilogy Capital Inc. purchased a new stake in Tyson Foods during the 2nd quarter worth about $198,000. Finally, Security National Bank of Sioux City Iowa IA purchased a new stake in Tyson Foods during the 2nd quarter worth about $236,000. Hedge funds and other institutional investors own 68.49% of the company’s stock.
Several equities research analysts have weighed in on TSN shares. ValuEngine upgraded Tyson Foods from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. Argus cut Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, September 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a research report on Monday, September 17th. Mizuho set a $82.00 price objective on Tyson Foods and gave the stock a “buy” rating in a research report on Monday, September 17th. Finally, Zacks Investment Research raised Tyson Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, October 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Tyson Foods currently has an average rating of “Hold” and an average target price of $72.07.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Tuesday, November 13th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.25. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Tyson Foods had a return on equity of 18.39% and a net margin of 7.55%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 EPS. As a group, research analysts forecast that Tyson Foods, Inc. will post 5.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a $0.375 dividend. The ex-dividend date is Thursday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.30. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.71%. Tyson Foods’s dividend payout ratio is 24.35%.
In other news, Director Gaurdie E. Jr. Banister bought 6,897 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was purchased at an average cost of $58.01 per share, with a total value of $400,094.97. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.55% of the stock is owned by corporate insiders.
About Tyson Foods
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.
Further Reading: Fundamental Analysis and Choosing Stocks
Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.