Acadian Asset Management LLC Increases Stake in Tyson Foods, Inc. (NYSE:TSN)
Acadian Asset Management LLC boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 111.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,984 shares of the company’s stock after buying an additional 3,677 shares during the period. Acadian Asset Management LLC’s holdings in Tyson Foods were worth $438,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock worth $130,000 after buying an additional 182 shares during the period. Washington Trust Bank boosted its position in Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after buying an additional 840 shares during the period. Independent Portfolio Consultants Inc. boosted its position in Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock worth $143,000 after buying an additional 1,357 shares during the period. IHT Wealth Management LLC boosted its position in Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock worth $177,000 after buying an additional 1,100 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new position in Tyson Foods during the first quarter worth approximately $196,000. Institutional investors own 71.05% of the company’s stock.
Tyson Foods, Inc. (TSN) traded up 0.81% during trading on Monday, reaching $66.08. The company had a trading volume of 1,091,828 shares. The company has a market capitalization of $24.24 billion, a PE ratio of 13.93 and a beta of 0.26. Tyson Foods, Inc. has a 52-week low of $55.72 and a 52-week high of $77.05. The stock has a 50 day moving average price of $62.32 and a 200-day moving average price of $62.16.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The firm had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the business posted $1.21 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.225 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a yield of 1.36%. Tyson Foods’s dividend payout ratio is currently 18.95%.
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A number of research firms have commented on TSN. BMO Capital Markets restated a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research note on Thursday, June 15th. BidaskClub upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Thursday, July 13th. Royal Bank Of Canada upped their price target on Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 8th. Finally, Mizuho began coverage on Tyson Foods in a research note on Wednesday, June 7th. They set a “buy” rating and a $71.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $69.79.
About Tyson Foods
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.
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