VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 196,800 shares of the company’s stock, valued at approximately $11,267,000.
Several other hedge funds also recently modified their holdings of TSN. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Tyson Foods by 62.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 516 shares of the company’s stock valued at $30,000 after buying an additional 198 shares during the period. Ascentis Independent Advisors acquired a new position in Tyson Foods during the first quarter worth about $30,000. Basecamp Wealth Advisors LLC raised its position in Tyson Foods by 272.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 466 shares of the company’s stock worth $30,000 after acquiring an additional 341 shares in the last quarter. Cedar Mountain Advisors LLC raised its position in Tyson Foods by 293.5% in the first quarter. Cedar Mountain Advisors LLC now owns 488 shares of the company’s stock worth $31,000 after acquiring an additional 364 shares in the last quarter. Finally, Archer Investment Corp acquired a new stake in Tyson Foods in the 2nd quarter valued at about $31,000. 67.00% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on TSN shares. HSBC lowered their price objective on shares of Tyson Foods from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. Sanford C. Bernstein reduced their target price on shares of Tyson Foods from $72.00 to $63.00 and set a “market perform” rating for the company in a report on Thursday, July 2nd. Bank of America decreased their price target on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. BMO Capital Markets cut their price objective on Tyson Foods from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, September 4th. Finally, Zacks Research lowered Tyson Foods from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods has a consensus rating of “Hold” and a consensus target price of $69.44.
Tyson Foods Stock Up 1.7%
TSN stock opened at $52.32 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 0.55. The firm has a market capitalization of $18.41 billion, a P/E ratio of 32.30, a P/E/G ratio of 1.72 and a beta of 0.38. Tyson Foods, Inc. has a 52-week low of $50.56 and a 52-week high of $69.48. The company’s 50 day simple moving average is $57.37 and its 200-day simple moving average is $60.58.
Tyson Foods (NYSE:TSN – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. Tyson Foods had a net margin of 1.03% and a return on equity of 7.77%. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same quarter last year, the business posted $0.91 EPS. The company’s revenue was down .1% on a year-over-year basis. As a group, equities research analysts anticipate that Tyson Foods, Inc. will post 3.95 EPS for the current year.
Tyson Foods Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, December 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.9%. Tyson Foods’s payout ratio is currently 125.93%.
About Tyson Foods
Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.
The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.
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