Alps Advisors Inc. raised its stake in shares of Tyson Foods Inc. (NYSE:TSN) by 23.1% during the second quarter, Holdings Channel reports. The fund owned 7,881 shares of the company’s stock after buying an additional 1,480 shares during the period. Alps Advisors Inc.’s holdings in Tyson Foods were worth $526,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Financial Architects Inc raised its position in Tyson Foods by 1,101.3% in the second quarter. Financial Architects Inc now owns 1,838 shares of the company’s stock valued at $122,000 after buying an additional 1,685 shares during the last quarter. IFP Advisors Inc raised its position in Tyson Foods by 22.6% in the first quarter. IFP Advisors Inc now owns 1,945 shares of the company’s stock valued at $130,000 after buying an additional 359 shares during the last quarter. James Investment Research Inc. acquired a new position in Tyson Foods during the second quarter valued at approximately $188,000. Copper Rock Capital Partners LLC acquired a new position in Tyson Foods during the second quarter valued at approximately $189,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Tyson Foods during the first quarter valued at approximately $205,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.
Tyson Foods Inc. (NYSE:TSN) traded up 0.58% on Monday, reaching $75.10. The company’s stock had a trading volume of 2,193,614 shares. The firm has a market capitalization of $28.69 billion, a PE ratio of 18.26 and a beta of 0.26. The stock’s 50 day moving average is $74.98 and its 200-day moving average is $69.01. Tyson Foods Inc. has a 52 week low of $42.89 and a 52 week high of $77.05.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. The firm earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.32 billion. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. Analysts predict that Tyson Foods Inc. will post $4.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.80%. Tyson Foods’s payout ratio is 14.53%.
Several equities research analysts have commented on the company. Jefferies Group restated a “buy” rating and set a $70.00 price target on shares of Tyson Foods in a research note on Tuesday, June 7th. Vetr lowered Tyson Foods from a “buy” rating to a “hold” rating and set a $69.00 price target for the company. in a research note on Thursday, June 30th. Credit Agricole SA upped their price target on Tyson Foods from $77.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. Zacks Investment Research lowered Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, RBC Capital Markets restated a “sector perform” rating and set a $75.00 price target (up from $72.00) on shares of Tyson Foods in a research note on Thursday, August 11th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $72.22.
In other Tyson Foods news, insider Noel W. White sold 74,934 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $75.44, for a total transaction of $5,653,020.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman John H. Tyson sold 282,478 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $74.22, for a total value of $20,965,517.16. The disclosure for this sale can be found here. Corporate insiders own 2.69% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
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