Tyson Foods Inc. (TSN) Stake Maintained by Delta Lloyd NV
Delta Lloyd NV held its position in Tyson Foods Inc. (NYSE:TSN) during the third quarter, according to its most recent filing with the SEC. The firm owned 19,990 shares of the company’s stock at the end of the third quarter. Delta Lloyd NV’s holdings in Tyson Foods were worth $1,493,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of TSN. 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 during the period. 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 during the period. 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 during the period. Kernodle & Katon Asset Management Group LLC acquired a new position in Tyson Foods during the second quarter valued at $156,000. Finally, James Investment Research Inc. acquired a new position in Tyson Foods during the second quarter valued at $188,000. 69.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Tyson Foods Inc. (NYSE:TSN) traded down 3.65% during trading on Wednesday, hitting $56.81. The stock had a trading volume of 6,788,528 shares. Tyson Foods Inc. has a 52-week low of $48.52 and a 52-week high of $77.05. The stock has a 50 day moving average of $67.29 and a 200 day moving average of $69.38. The firm has a market cap of $21.25 billion, a PE ratio of 12.54 and a beta of 0.18.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, November 21st. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by $0.20. Tyson Foods had a return on equity of 17.57% and a net margin of 4.79%. The company earned $9.16 billion during the quarter, compared to the consensus estimate of $9.38 billion. During the same period in the previous year, the company earned $0.83 earnings per share. Tyson Foods’s quarterly revenue was down 12.8% on a year-over-year basis. On average, equities analysts anticipate that Tyson Foods Inc. will post $4.59 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be paid a $0.225 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.15. This represents a $0.90 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, February 27th. Tyson Foods’s dividend payout ratio is presently 13.25%.
A number of analysts recently commented on the company. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $75.00 target price (up from $72.00) on shares of Tyson Foods in a research report on Thursday, August 11th. boosted their target price on Tyson Foods from $77.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, August 2nd. Pivotal Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Tyson Foods in a research report on Wednesday, August 10th. Goldman Sachs Group Inc. lowered Tyson Foods to a “sell” rating in a research report on Monday, November 21st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $77.00 target price on shares of Tyson Foods in a research report on Thursday, August 11th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price 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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