Fmr LLC Has $252.05 Million Holdings in Tyson Foods, Inc. (NYSE:TSN)

Fmr LLC increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 67.1% during the second quarter, HoldingsChannel reports. The fund owned 3,417,109 shares of the company’s stock after acquiring an additional 1,372,087 shares during the quarter. Fmr LLC’s holdings in Tyson Foods were worth $252,045,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bedel Financial Consulting Inc. increased its stake in Tyson Foods by 261.7% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 434 shares of the company’s stock valued at $32,000 after buying an additional 314 shares during the last quarter. AGF Investments LLC bought a new position in shares of Tyson Foods during the 2nd quarter valued at approximately $35,000. Eagle Bay Advisors LLC bought a new position in shares of Tyson Foods during the 2nd quarter valued at approximately $43,000. NEXT Financial Group Inc grew its position in shares of Tyson Foods by 43.3% during the 2nd quarter. NEXT Financial Group Inc now owns 612 shares of the company’s stock valued at $45,000 after acquiring an additional 185 shares during the period. Finally, Berman Capital Advisors LLC grew its position in shares of Tyson Foods by 183.6% during the 2nd quarter. Berman Capital Advisors LLC now owns 641 shares of the company’s stock valued at $47,000 after acquiring an additional 415 shares during the period. Institutional investors own 65.11% of the company’s stock.

Several research firms recently commented on TSN. BMO Capital Markets raised their price objective on shares of Tyson Foods from $84.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, August 10th. Piper Sandler reaffirmed a “hold” rating and issued a $79.00 price objective on shares of Tyson Foods in a report on Wednesday, July 7th. Finally, Seaport Res Ptn reaffirmed a “neutral” rating on shares of Tyson Foods in a report on Monday, August 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $84.29.

In related news, Director Gaurdie E. Jr. Banister sold 20,095 shares of Tyson Foods stock in a transaction on Friday, August 13th. The shares were sold at an average price of $82.28, for a total value of $1,653,416.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Thurber sold 10,696 shares of Tyson Foods stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $78.82, for a total transaction of $843,058.72. The disclosure for this sale can be found here. Company insiders own 1.82% of the company’s stock.

Tyson Foods stock opened at $79.31 on Thursday. The firm’s fifty day moving average price is $77.81 and its 200-day moving average price is $76.64. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 1.49. The stock has a market cap of $28.93 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 1.31 and a beta of 0.84. Tyson Foods, Inc. has a fifty-two week low of $55.82 and a fifty-two week high of $82.44.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 9th. The company reported $2.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.93. The firm had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $11.52 billion. Tyson Foods had a net margin of 5.22% and a return on equity of 18.28%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $1.40 EPS. On average, analysts predict that Tyson Foods, Inc. will post 7.65 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Wednesday, December 1st will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Tuesday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is currently 31.56%.

Tyson Foods Company Profile

Tyson Foods, Inc engages in the production of processed food. It operates through the following segments: Chicken, Beef, Pork and Prepared Foods. The Chicken segment involves in domestic operations related to raising and processing live chickens into fresh, frozen and value-added chicken products, as well as sales from allied products.

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Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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