PGGM Investments boosted its position in shares of Tyson Foods Inc. (NYSE:TSN) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 453,407 shares of the company’s stock after buying an additional 6,959 shares during the period. PGGM Investments’ holdings in Tyson Foods were worth $30,283,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of TSN. Financial Architects Inc raised 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 worth $122,000 after buying an additional 1,685 shares in the last quarter. IFP Advisors Inc raised 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 worth $130,000 after buying an additional 359 shares in the last quarter. James Investment Research Inc. purchased a new stake in Tyson Foods during the second quarter worth approximately $188,000. Copper Rock Capital Partners LLC purchased a new stake in Tyson Foods during the second quarter worth approximately $189,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Tyson Foods during the first quarter worth approximately $205,000. Institutional investors own 74.07% of the company’s stock.
Shares of Tyson Foods Inc. (NYSE:TSN) traded up 0.40% during mid-day trading on Wednesday, reaching $76.02. 1,873,018 shares of the company traded hands. The stock has a market capitalization of $29.04 billion, a PE ratio of 18.48 and a beta of 0.26. Tyson Foods Inc. has a 52 week low of $42.78 and a 52 week high of $77.05. The firm has a 50 day moving average of $74.98 and a 200-day moving average of $68.83.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. The company 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 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, equities research analysts expect that Tyson Foods Inc. will post $4.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.15 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.79%. Tyson Foods’s dividend payout ratio is presently 14.53%.
A number of research firms recently commented on TSN. Jefferies Group reiterated a “buy” rating and set a $70.00 price target on shares of Tyson Foods in a report on Tuesday, June 7th. Vetr lowered shares of Tyson Foods from a “buy” rating to a “hold” rating and set a $69.00 price target for the company. in a report on Thursday, June 30th. Credit Agricole SA upped their price target on shares of Tyson Foods from $77.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 2nd. Zacks Investment Research lowered shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $75.00 price objective (up from $72.00) on shares of Tyson Foods in a research report on Thursday, August 11th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Tyson Foods currently has an average rating of “Buy” and an average price target of $72.22.
In other news, insider Noel W. White sold 74,934 shares of Tyson Foods stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bebber David L. Van sold 70,000 shares of Tyson Foods stock in a transaction on Friday, August 12th. The stock was sold at an average price of $75.00, for a total value of $5,250,000.00. The disclosure for this sale can be found here. 2.69% of the stock is owned by corporate insiders.
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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