Tyson Foods, Inc. (TSN) Position Held by ZWJ Investment Counsel Inc.
ZWJ Investment Counsel Inc. continued to hold its stake in Tyson Foods, Inc. (NYSE:TSN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,546 shares of the company’s stock at the end of the second quarter. ZWJ Investment Counsel Inc.’s holdings in Tyson Foods were worth $347,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in TSN. IFP Advisors Inc raised its stake in Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock valued at $130,000 after buying an additional 182 shares during the last quarter. Washington Trust Bank raised its stake in Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after buying an additional 840 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after buying an additional 1,357 shares during the last quarter. IHT Wealth Management LLC raised its stake in Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $177,000 after buying an additional 1,100 shares during the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in Tyson Foods during the first quarter valued at about $196,000. Institutional investors and hedge funds own 71.05% of the company’s stock.
Shares of Tyson Foods, Inc. (NYSE TSN) opened at 65.14 on Monday. The company has a market cap of $23.90 billion, a price-to-earnings ratio of 13.73 and a beta of 0.26. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $77.05. The firm has a 50-day moving average price of $62.81 and a 200 day moving average price of $62.27.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 earnings per share. On average, analysts predict that Tyson Foods, Inc. will post $5.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is 18.95%.
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Several research firms recently issued reports on TSN. BMO Capital Markets reiterated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a report on Thursday, June 15th. Fundamental Research reiterated a “buy” rating on shares of Tyson Foods in a report on Thursday. BidaskClub upgraded Tyson Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Thursday, July 13th. Finally, Royal Bank Of Canada upped their target price on Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $69.79.
In related news, Director Mikel A. Durham purchased 2,809 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost of $65.77 per share, with a total value of $184,747.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dennis Leatherby sold 145,100 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The disclosure for this sale can be found here. Corporate insiders own 2.65% of the company’s stock.
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.
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