Advisory Services Network LLC increased its position in shares of Tyson Foods Inc. (NYSE:TSN) by 41.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,271 shares of the company’s stock after buying an additional 3,578 shares during the period. Advisory Services Network LLC’s holdings in Tyson Foods were worth $820,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSN. 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 worth $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 worth $130,000 after buying an additional 359 shares during the last quarter. James Investment Research Inc. bought a new position in Tyson Foods during the second quarter worth about $188,000. Copper Rock Capital Partners LLC bought a new position in Tyson Foods during the second quarter worth about $189,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Tyson Foods during the first quarter worth about $205,000. 74.07% of the stock is currently owned by institutional investors and hedge funds.
Tyson Foods Inc. (NYSE:TSN) traded up 0.58% during trading on Monday, hitting $75.10. The stock had a trading volume of 2,193,614 shares. The stock has a market cap of $28.69 billion, a PE ratio of 18.26 and a beta of 0.26. The firm’s 50-day moving average price is $74.98 and its 200-day moving average price is $68.92. Tyson Foods Inc. has a 1-year low of $42.89 and a 1-year high of $77.05.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 8th. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.06 by $0.15. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. The firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.32 billion. During the same period last year, the firm earned $0.80 EPS. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts predict that Tyson Foods Inc. will post $4.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Tuesday, November 29th. Tyson Foods’s payout ratio is currently 14.53%.
A number of research analysts have recently issued reports on TSN shares. Pivotal Research reissued a “buy” rating and issued a $100.00 target price on shares of Tyson Foods in a report on Wednesday, August 10th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Tuesday, August 9th. Vetr downgraded Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 price target on the stock. in a research note on Wednesday, June 22nd. Jefferies Group restated a “buy” rating and issued a $70.00 price target on shares of Tyson Foods in a research note on Tuesday, June 7th. Finally, BMO Capital Markets downgraded Tyson Foods from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $78.00 to $69.00 in a research note on Monday, June 6th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Tyson Foods 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 74,500 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $74.56, for a total transaction of $5,554,720.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donnie King sold 146,641 shares of the stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $75.75, for a total value of $11,108,055.75. 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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