Lucus Advisors LLC lowered its stake in Tyson Foods Inc. (NYSE:TSN) by 30.8% during the second quarter, Holdings Channel reports. The fund owned 5,338 shares of the company’s stock after selling 2,371 shares during the period. Tyson Foods comprises about 0.3% of Lucus Advisors LLC’s investment portfolio, making the stock its 27th largest position. Lucus Advisors LLC’s holdings in Tyson Foods were worth $357,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Financial Architects Inc increased its stake 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 increased its stake 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. bought a new stake in Tyson Foods during the second quarter valued at approximately $188,000. Copper Rock Capital Partners LLC bought a new stake in Tyson Foods during the second quarter valued at approximately $189,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Tyson Foods during the first quarter valued at approximately $205,000. Institutional investors and hedge funds own 74.07% of the company’s stock.
Tyson Foods Inc. (NYSE:TSN) traded down 0.21% during mid-day trading on Tuesday, hitting $75.72. 1,986,285 shares of the stock were exchanged. Tyson Foods Inc. has a one year low of $41.38 and a one year high of $77.05. The company has a 50-day moving average price of $74.88 and a 200-day moving average price of $68.72. The company has a market cap of $28.93 billion, a P/E ratio of 18.41 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 8th. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.15. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The firm earned $9.40 billion during the quarter, compared to the consensus estimate of $9.32 billion. During the same period last year, the firm posted $0.80 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts forecast that Tyson Foods Inc. will post $4.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 annualized dividend and a yield of 0.79%. Tyson Foods’s dividend payout ratio (DPR) is currently 14.53%.
Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. RBC Capital Markets restated a “sector perform” rating and set a $72.00 target price (up from $68.00) on shares of Tyson Foods in a research report on Friday, August 5th. Jefferies Group restated a “buy” rating and set a $70.00 target price on shares of Tyson Foods in a research report on Tuesday, June 7th. BMO Capital Markets restated a “market perform” rating and set a $77.00 target price on shares of Tyson Foods in a research report on Thursday, August 11th. Finally, Vetr downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating and set a $69.00 target price for the company. in a research report on Thursday, June 30th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $72.22.
In other Tyson Foods news, insider Donnie King sold 146,641 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $75.75, for a total transaction of $11,108,055.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald Smith sold 38,006 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $75.20, for a total transaction of $2,858,051.20. The disclosure for this sale can be found here. Company insiders own 2.69% of the company’s stock.
About Tyson Foods
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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