FIL Ltd bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the 1st quarter, HoldingsChannel.com reports. The firm bought 82,452 shares of the company’s stock, valued at approximately $5,724,000.
Other large investors also recently made changes to their positions in the company. Zions Bancorporation N.A. acquired a new stake in Tyson Foods during the 1st quarter valued at approximately $25,000. PRW Wealth Management LLC acquired a new stake in Tyson Foods during the 4th quarter valued at approximately $29,000. Moody National Bank Trust Division acquired a new stake in Tyson Foods during the 1st quarter valued at approximately $31,000. Global Retirement Partners LLC grew its stake in Tyson Foods by 100.0% during the 1st quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock valued at $35,000 after purchasing an additional 253 shares in the last quarter. Finally, Citizens Financial Group Inc RI acquired a new stake in Tyson Foods during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 69.70% of the company’s stock.
In other news, EVP Mary Oleksiuk sold 44,967 shares of Tyson Foods stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $77.09, for a total value of $3,466,506.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad Roderick Martin sold 6,300 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $77.24, for a total value of $486,612.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,433 shares of company stock valued at $6,680,525. Insiders own 1.69% of the company’s stock.
A number of brokerages have weighed in on TSN. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Wednesday, May 8th. BMO Capital Markets restated a “top pick” rating and set a $90.00 price objective on shares of Tyson Foods in a research note on Tuesday, May 7th. They noted that the move was a valuation call. Credit Suisse Group upgraded Tyson Foods from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $74.00 to $96.00 in a research note on Tuesday, May 14th. ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Finally, Piper Jaffray Companies raised their price objective on Tyson Foods from $72.00 to $84.00 and gave the company a “positive” rating in a research note on Monday, May 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $77.94.
Shares of TSN opened at $82.53 on Friday. The company has a market capitalization of $30.04 billion, a PE ratio of 13.40 and a beta of 0.47. The company has a quick ratio of 0.54, a current ratio of 1.38 and a debt-to-equity ratio of 0.80. Tyson Foods, Inc. has a 52 week low of $49.77 and a 52 week high of $84.30.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 6th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. The company had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 EPS. Equities analysts expect that Tyson Foods, Inc. will post 5.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.375 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.50 annualized dividend and a dividend yield of 1.82%. Tyson Foods’s payout ratio is 24.35%.
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.
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