Northpointe Capital LLC bought a new stake in shares of Tyson Foods Inc. (NYSE:TSN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 48,357 shares of the company’s stock, valued at approximately $3,230,000.
Other institutional investors have also added to or reduced their stakes in the company. Financial Architects Inc boosted 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 period. IFP Advisors Inc boosted 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 period. James Investment Research Inc. acquired a new position in Tyson Foods during the second quarter valued at $188,000. Copper Rock Capital Partners LLC acquired a new position in Tyson Foods during the second quarter valued at $189,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Tyson Foods during the first quarter valued at $205,000. 74.07% of the stock is currently owned by institutional investors.
Shares of Tyson Foods Inc. (NYSE:TSN) traded up 0.14% on Wednesday, hitting $73.77. The stock had a trading volume of 3,206,395 shares. The company has a market cap of $28.18 billion, a PE ratio of 17.94 and a beta of 0.26. Tyson Foods Inc. has a 52 week low of $42.89 and a 52 week high of $77.05. The stock’s 50-day moving average price is $74.96 and its 200 day moving average price is $69.06.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.15. The business earned $9.40 billion during the quarter, compared to the consensus estimate of $9.32 billion. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. Tyson Foods’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. On average, 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 issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. Tyson Foods’s payout ratio is presently 14.53%.
Several equities analysts have weighed in on TSN shares. Vetr cut Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 target price on the stock. in a research note on Wednesday, June 22nd. Jefferies Group reissued a “buy” rating and issued a $70.00 price target on shares of Tyson Foods in a research note on Tuesday, June 7th. Pivotal Research reissued a “buy” rating and issued a $100.00 price target on shares of Tyson Foods in a research note on Wednesday, August 10th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, August 9th. Finally, JPMorgan Chase & Co. reissued a “focus list” rating on shares of Tyson Foods in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Tyson Foods presently has a consensus rating of “Buy” and an average price target of $72.22.
In related news, SVP Curt Calaway sold 21,200 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $74.79, for a total transaction of $1,585,548.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert C. Thurber sold 4,500 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $74.93, for a total value of $337,185.00. The disclosure for this sale can be found here. Corporate 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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