HL Financial Services LLC purchased a new position in shares of Tyson Foods (NYSE:TSN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 61,568 shares of the company’s stock, valued at approximately $4,506,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of TSN. Jaffetilchin Investment Partners LLC purchased a new stake in Tyson Foods during the 4th quarter worth about $533,000. Montrusco Bolton Investments Inc. purchased a new position in shares of Tyson Foods in the 4th quarter valued at about $11,421,000. Nisa Investment Advisors LLC increased its holdings in shares of Tyson Foods by 7.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 115,265 shares of the company’s stock valued at $9,345,000 after acquiring an additional 8,290 shares during the last quarter. Atria Investments LLC increased its holdings in shares of Tyson Foods by 50.5% in the 4th quarter. Atria Investments LLC now owns 10,071 shares of the company’s stock valued at $816,000 after acquiring an additional 3,379 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Tyson Foods by 4.8% in the 4th quarter. Bank of Montreal Can now owns 534,712 shares of the company’s stock valued at $43,348,000 after acquiring an additional 24,315 shares during the last quarter. Institutional investors own 71.38% of the company’s stock.
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In other Tyson Foods news, Director Gaurdie E. Jr. Banister sold 7,800 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $75.56, for a total transaction of $589,368.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen R. Stouffer sold 15,489 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $74.22, for a total value of $1,149,593.58. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by company insiders.
Shares of NYSE TSN opened at $66.97 on Friday. The stock has a market capitalization of $24,836.32, a P/E ratio of 12.61, a PEG ratio of 0.92 and a beta of 0.20. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.74. Tyson Foods has a 52-week low of $57.20 and a 52-week high of $84.65.
Tyson Foods (NYSE:TSN) last announced its earnings results on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.30. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The firm had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same period in the prior year, the firm earned $1.59 EPS. The business’s revenue was up 11.4% on a year-over-year basis. research analysts forecast that Tyson Foods will post 6.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.20 dividend on an annualized basis and a yield of 1.79%. Tyson Foods’s payout ratio is 22.60%.
A number of research analysts have recently commented on the company. Jefferies Group reiterated a “buy” rating on shares of Tyson Foods in a report on Thursday, February 8th. Pivotal Research downgraded Tyson Foods from a “hold” rating to a “sell” rating and dropped their price objective for the company from $75.00 to $55.00 in a report on Monday, April 2nd. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Monday, February 12th. Piper Jaffray set a $92.00 price objective on Tyson Foods and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Vertical Group downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, April 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $75.87.
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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