Tyson Foods Inc. (TSN) Stake Maintained by Lathrop Investment Management Corp
Lathrop Investment Management Corp held its position in Tyson Foods Inc. (NYSE:TSN) during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 20,550 shares of the company’s stock at the end of the third quarter. Tyson Foods accounts for approximately 0.4% of Lathrop Investment Management Corp’s investment portfolio, making the stock its 29th largest position. Lathrop Investment Management Corp’s holdings in Tyson Foods were worth $1,373,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Washington Trust Bank raised its position in Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock valued at $107,000 after buying an additional 31 shares in the last quarter. Evercore Wealth Management LLC raised its position in Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock valued at $119,000 after buying an additional 323 shares in the last quarter. 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 valued at $122,000 after buying an additional 1,685 shares in the last quarter. Kernodle & Katon Asset Management Group LLC purchased a new position in Tyson Foods during the second quarter valued at $156,000. Finally, James Investment Research Inc. purchased a new position in Tyson Foods during the second quarter valued at $188,000. Institutional investors own 69.85% of the company’s stock.
Shares of Tyson Foods Inc. (NYSE:TSN) traded up 1.45% during trading on Tuesday, reaching $58.96. 5,667,581 shares of the company traded hands. The stock has a market capitalization of $22.05 billion, a PE ratio of 13.02 and a beta of 0.18. Tyson Foods Inc. has a 12-month low of $48.52 and a 12-month high of $77.05. The firm’s 50-day moving average is $68.03 and its 200-day moving average is $69.54.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, November 21st. The company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.16 by $0.20. The company earned $9.16 billion during the quarter, compared to the consensus estimate of $9.38 billion. Tyson Foods had a return on equity of 17.57% and a net margin of 4.79%. The business’s revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. On average, equities analysts predict that Tyson Foods Inc. will post $4.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be given a $0.225 dividend. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, February 27th. This represents a $0.90 annualized dividend and a yield of 1.53%. Tyson Foods’s payout ratio is currently 13.25%.
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TSN has been the topic of several recent analyst reports. Pivotal Research restated a “buy” rating and set a $100.00 price objective on shares of Tyson Foods in a research note 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 price target on the stock in a research note on Tuesday, August 9th. BMO Capital Markets reiterated a “buy” rating and issued a $84.00 price target on shares of Tyson Foods in a research note on Tuesday, November 22nd. Jefferies Group decreased their price target on shares of Tyson Foods from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, November 22nd. Finally, JPMorgan Chase & Co. reiterated a “focus list” rating on shares of Tyson Foods in a research note on Tuesday, October 4th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $69.41.
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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