Horrell Capital Management Inc. continued to hold its position in Tyson Foods Inc. (NYSE:TSN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,000 shares of the company’s stock at the end of the second quarter. Horrell Capital Management Inc.’s holdings in Tyson Foods were worth $1,800,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of TSN. Nomura Asset Management Co. Ltd. boosted its position in Tyson Foods by 8.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 44,190 shares of the company’s stock valued at $2,356,000 after buying an additional 3,300 shares in the last quarter. Quantitative Systematic Strategies LLC boosted its position in Tyson Foods by 52.0% in the first quarter. Quantitative Systematic Strategies LLC now owns 10,812 shares of the company’s stock worth $730,000 after buying an additional 3,701 shares in the last quarter. Investment Centers of America Inc. boosted its position in Tyson Foods by 42.0% in the first quarter. Investment Centers of America Inc. now owns 5,807 shares of the company’s stock worth $387,000 after buying an additional 1,718 shares in the last quarter. Telemus Capital LLC bought a new position in Tyson Foods during the first quarter worth $400,000. Finally, Aperio Group LLC boosted its position in Tyson Foods by 30.3% in the first quarter. Aperio Group LLC now owns 125,591 shares of the company’s stock worth $8,372,000 after buying an additional 29,238 shares in the last quarter. Hedge funds and other institutional investors own 74.07% of the company’s stock.
Shares of Tyson Foods Inc. (NYSE:TSN) traded down 0.65% on Friday, reaching $76.26. 2,174,976 shares of the company’s stock traded hands. Tyson Foods Inc. has a 52 week low of $41.38 and a 52 week high of $77.05. The stock’s 50-day moving average price is $74.74 and its 200-day moving average price is $68.53. The stock has a market capitalization of $29.14 billion, a price-to-earnings ratio of 18.54 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 8th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.06 by $0.15. The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.32 billion. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The business’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. Equities analysts predict that Tyson Foods Inc. will post $4.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders 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 annualized dividend and a dividend yield of 0.79%. Tyson Foods’s payout ratio is currently 14.53%.
A number of equities analysts have weighed in on TSN shares. BMO Capital Markets cut shares of Tyson Foods from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $78.00 to $69.00 in a research report on Monday, June 6th. They noted that the move was a valuation call. Jefferies Group restated a “buy” rating and set a $70.00 price objective on shares of Tyson Foods in a research report on Tuesday, June 7th. Vetr cut shares of Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 price objective for the company. in a research report on Wednesday, June 22nd. Zacks Investment Research cut shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Credit Agricole SA upped their price objective on shares of Tyson Foods from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $72.22.
In other Tyson Foods news, SVP Curt Calaway sold 21,200 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $74.79, for a total transaction of $1,585,548.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Thurber sold 4,500 shares of the business’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $74.93, for a total transaction of $337,185.00. The disclosure for this sale can be found here. Company 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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