Wealth Enhancement Advisory Services LLC Invests $1,292,000 in Tyson Foods Inc. (TSN)
Wealth Enhancement Advisory Services LLC purchased a new position in shares of Tyson Foods Inc. (NYSE:TSN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,346 shares of the company’s stock, valued at approximately $1,292,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Financial Architects Inc increased 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 in the last quarter. IFP Advisors Inc increased 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 in the last quarter. James Investment Research Inc. acquired a new position in Tyson Foods during the second quarter worth $188,000. Copper Rock Capital Partners LLC acquired a new position in Tyson Foods during the second quarter worth $189,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Tyson Foods during the first quarter worth $205,000. Institutional investors and hedge funds own 74.07% of the company’s stock.
Tyson Foods Inc. (NYSE:TSN) traded up 0.18% during trading on Friday, hitting $72.16. 1,129,940 shares of the stock were exchanged. Tyson Foods Inc. has a 52 week low of $42.89 and a 52 week high of $77.05. The firm has a 50-day moving average of $74.28 and a 200-day moving average of $69.24. The stock has a market capitalization of $27.57 billion, a price-to-earnings ratio of 17.54 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.15. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.32 billion. During the same period in the prior year, the firm posted $0.80 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. Equities research analysts anticipate 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 given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.83%. The ex-dividend date is Tuesday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is currently 14.53%.
TSN has been the topic of a number of recent research reports. Pivotal Research restated a “buy” rating and set a $100.00 price target on shares of Tyson Foods in a report on Wednesday, August 10th. 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 note on Tuesday, August 9th. Vetr lowered 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 note on Wednesday, June 22nd. Jefferies Group raised their target price on shares of Tyson Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Finally, JPMorgan Chase & Co. reiterated a “focus list” rating on shares of Tyson Foods in a research note on Tuesday, October 4th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $68.42.
In other Tyson Foods news, insider Noel W. White sold 74,500 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert C. Thurber sold 4,500 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $74.93, for a total transaction of $337,185.00. 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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