TrimTabs Asset Management LLC Has $1,653,000 Stake in Tyson Foods Inc. (TSN)
TrimTabs Asset Management LLC reduced its stake in shares of Tyson Foods Inc. (NYSE:TSN) by 18.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,754 shares of the company’s stock after selling 5,573 shares during the period. TrimTabs Asset Management LLC’s holdings in Tyson Foods were worth $1,653,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Bank of Montreal Can acquired a new position in shares of Tyson Foods during the second quarter valued at about $169,614,000. AXA increased its stake in Tyson Foods by 1,459.3% in the first quarter. AXA now owns 1,063,460 shares of the company’s stock worth $70,890,000 after buying an additional 995,260 shares during the last quarter. 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. Canada Pension Plan Investment Board increased its stake in Tyson Foods by 2,527.8% in the first quarter. Canada Pension Plan Investment Board now owns 482,252 shares of the company’s stock worth $32,147,000 after buying an additional 463,900 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Tyson Foods by 1,233.6% in the first quarter. Panagora Asset Management Inc. now owns 454,892 shares of the company’s stock worth $30,323,000 after buying an additional 420,783 shares during the last quarter. 74.12% of the stock is currently owned by institutional investors and hedge funds.
Tyson Foods Inc. (NYSE:TSN) traded down 1.41% on Wednesday, hitting $70.55. The stock had a trading volume of 1,192,483 shares. The stock has a market capitalization of $26.95 billion, a price-to-earnings ratio of 17.15 and a beta of 0.26. The company has a 50-day moving average price of $73.94 and a 200-day moving average price of $69.36. Tyson Foods Inc. has a 52 week low of $42.89 and a 52 week high of $77.05.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 8th. The company reported $1.21 EPS for the quarter, beating the Zacks’ 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 company earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.32 billion. During the same period in the prior year, the company earned $0.80 EPS. Tyson Foods’s 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. Stockholders of record on Thursday, December 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, November 29th. Tyson Foods’s payout ratio is 14.53%.
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. downgraded Tyson Foods from a “buy” rating to a “sell” rating in a research report on Wednesday, October 12th. Vetr upgraded Tyson Foods from a “strong sell” rating to a “sell” rating and set a $68.87 target price for the company in a research report on Tuesday, October 11th. BMO Capital Markets upgraded Tyson Foods from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $70.50 to $84.00 in a research report on Tuesday, October 11th. Pivotal Research downgraded Tyson Foods from a “buy” rating to a “sell” rating and dropped their target price for the stock from $100.00 to $40.00 in a research report on Friday, October 7th. Finally, RBC Capital Markets restated a “sector perform” rating and set a $75.00 target price (up previously from $72.00) on shares of Tyson Foods in a research report on Thursday, August 11th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $68.42.
In related news, insider Donnie King sold 146,641 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Noel W. White sold 74,500 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was 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. 2.69% of the stock is owned by 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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