First Quadrant L P CA Decreases Position in Tyson Foods, Inc. (TSN)
First Quadrant L P CA reduced its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 7.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 276,025 shares of the company’s stock after selling 21,757 shares during the period. First Quadrant L P CA owned 0.08% of Tyson Foods worth $17,287,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of TSN. Thrivent Financial for Lutherans boosted its stake in Tyson Foods by 4.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,180 shares of the company’s stock valued at $628,000 after buying an additional 470 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Tyson Foods by 3.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,538,835 shares of the company’s stock valued at $94,916,000 after buying an additional 55,299 shares during the last quarter. Kentucky Retirement Systems bought a new stake in Tyson Foods during the fourth quarter valued at $1,300,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Tyson Foods during the fourth quarter valued at $580,000. Finally, Philadelphia Trust Co. bought a new stake in Tyson Foods during the fourth quarter valued at $6,729,000. Hedge funds and other institutional investors own 71.59% of the company’s stock.
Shares of Tyson Foods, Inc. (NYSE TSN) traded down 0.56% on Thursday, hitting $60.79. 317,827 shares of the stock traded hands. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $77.05. The stock has a market cap of $22.31 billion, a PE ratio of 12.70 and a beta of 0.25. The stock has a 50 day moving average of $60.86 and a 200-day moving average of $62.02.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by $0.05. The firm had revenue of $9.08 billion for the quarter, compared to analyst estimates of $9.07 billion. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 EPS. On average, equities research analysts expect that Tyson Foods, Inc. will post $5.03 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, August 30th. Tyson Foods’s dividend payout ratio is presently 18.79%.
Several equities research analysts have weighed in on TSN shares. Jefferies Group LLC restated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research report on Monday, April 3rd. Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Royal Bank Of Canada restated a “hold” rating and issued a $68.00 price objective on shares of Tyson Foods in a research report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $76.00 price objective on shares of Tyson Foods in a research report on Tuesday, May 9th. Finally, ValuEngine cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $69.04.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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.