Boston Advisors LLC increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 986.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 301,645 shares of the company’s stock after buying an additional 273,885 shares during the period. Boston Advisors LLC’s holdings in Tyson Foods were worth $20,147,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. State Street Corp increased its stake in Tyson Foods by 5.3% in the first quarter. State Street Corp now owns 12,852,492 shares of the company’s stock worth $856,748,000 after buying an additional 647,431 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Tyson Foods by 6.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,105,947 shares of the company’s stock worth $540,342,000 after buying an additional 504,519 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Tyson Foods by 103.7% in the first quarter. JPMorgan Chase & Co. now owns 3,916,007 shares of the company’s stock worth $261,043,000 after buying an additional 1,993,213 shares during the last quarter. BlackRock Group LTD increased its stake in Tyson Foods by 4.1% in the first quarter. BlackRock Group LTD now owns 3,095,261 shares of the company’s stock worth $206,331,000 after buying an additional 121,133 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in Tyson Foods during the second quarter worth $169,614,000. Institutional investors own 74.07% of the company’s stock.
Tyson Foods, Inc. (NYSE:TSN) traded up 1.41% during mid-day trading on Thursday, hitting $76.76. 2,245,688 shares of the stock traded hands. The firm has a market capitalization of $29.33 billion, a P/E ratio of 18.66 and a beta of 0.26. Tyson Foods, Inc. has a 1-year low of $41.38 and a 1-year high of $77.05. The company has a 50-day moving average of $74.63 and a 200 day moving average of $68.47.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 8th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.32 billion. During the same period last year, the business earned $0.80 earnings per share. The business’s quarterly revenue was down 6.6% on a year-over-year basis. On average, equities research analysts anticipate that Tyson Foods, Inc. will post $4.53 EPS for the current year.
The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Tuesday, November 29th. Tyson Foods’s payout ratio is currently 14.53%.
TSN has been the topic of several recent research reports. Vetr downgraded shares of Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 target price on the stock. in a research report on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Tuesday, August 9th. BMO Capital Markets downgraded shares of Tyson Foods from an “outperform” rating to a “market perform” rating and cut their target price 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 lifted their target price on shares of Tyson Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Finally, Pivotal Research reiterated a “buy” rating and set a $100.00 target price on shares of Tyson Foods in a research report on Wednesday, August 10th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $72.22.
In other news, insider Donnie King sold 146,641 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $75.75, for a total transaction of $11,108,055.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Noel W. White sold 74,500 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $74.56, for a total value of $5,554,720.00. 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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