Tyson Foods Inc. (TSN) Shares Bought by LS Investment Advisors LLC
LS Investment Advisors LLC raised its position in Tyson Foods Inc. (NYSE:TSN) by 4.0% during the second quarter, Holdings Channel reports. The institutional investor owned 12,745 shares of the company’s stock after buying an additional 494 shares during the period. LS Investment Advisors LLC’s holdings in Tyson Foods were worth $851,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. increased its position in Tyson Foods by 2.7% in the second quarter. Raymond James Trust N.A. now owns 3,980 shares of the company’s stock worth $265,000 after buying an additional 103 shares in the last quarter. Capstone Asset Management Co. increased its position in Tyson Foods by 0.5% in the second quarter. Capstone Asset Management Co. now owns 36,688 shares of the company’s stock worth $2,450,000 after buying an additional 167 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Tyson Foods by 1.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,698 shares of the company’s stock worth $1,048,000 after buying an additional 258 shares in the last quarter. Peddock Capital Advisors LLC increased its position in Tyson Foods by 3.6% in the second quarter. Peddock Capital Advisors LLC now owns 8,875 shares of the company’s stock worth $593,000 after buying an additional 310 shares in the last quarter. Finally, 1st Global Advisors Inc. increased its position in Tyson Foods by 2.4% in the second quarter. 1st Global Advisors Inc. now owns 13,559 shares of the company’s stock worth $906,000 after buying an additional 313 shares in the last quarter. 74.07% of the stock is owned by hedge funds and other institutional investors.
Shares of Tyson Foods Inc. (NYSE:TSN) traded up 0.25% during midday trading on Wednesday, reaching $71.56. 2,265,279 shares of the company’s stock traded hands. The firm has a market capitalization of $27.34 billion, a P/E ratio of 17.40 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 $74.47 and its 200 day moving average price is $69.21.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 8th. The company reported $1.21 earnings per share 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 analyst estimates of $9.32 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The company’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 fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.84%. The ex-dividend date is Tuesday, November 29th. Tyson Foods’s payout ratio is 14.53%.
Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Tyson Foods from a “buy” rating to a “sell” rating in a report on Wednesday. RBC Capital Markets reissued a “sector perform” rating and set a $75.00 price target (up previously from $72.00) on shares of Tyson Foods in a report on Thursday, August 11th. Vetr downgraded shares of Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 price target for the company. in a report on Wednesday, June 22nd. Credit Agricole SA boosted 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. Finally, Pivotal Research reissued a “buy” rating and set a $100.00 price target on shares of Tyson Foods in a report on Wednesday, August 10th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $68.42.
In other Tyson Foods news, insider Donnie King sold 146,641 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $75.75, for a total value of $11,108,055.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Donald Smith sold 38,006 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $75.20, for a total value of $2,858,051.20. The disclosure for this sale can be found here. 2.69% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods Inc. (NYSE:TSN).
Receive News & Ratings for Tyson Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.