Chemical Bank Has $2.21 Million Holdings in Tyson Foods, Inc. (TSN)
Chemical Bank lessened its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,309 shares of the company’s stock after selling 546 shares during the period. Chemical Bank’s holdings in Tyson Foods were worth $2,212,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of TSN. BlackRock Inc. lifted its holdings in shares of Tyson Foods by 2,404.6% during the 1st quarter. BlackRock Inc. now owns 19,055,591 shares of the company’s stock valued at $1,175,919,000 after purchasing an additional 18,294,771 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Tyson Foods during the 1st quarter valued at $73,273,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Tyson Foods by 2,655.1% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 1,216,095 shares of the company’s stock valued at $75,045,000 after purchasing an additional 1,171,956 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Tyson Foods by 70.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,298,455 shares of the company’s stock valued at $141,838,000 after purchasing an additional 947,215 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Tyson Foods by 74.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,989,863 shares of the company’s stock valued at $124,644,000 after purchasing an additional 846,535 shares during the last quarter. Hedge funds and other institutional investors own 70.85% of the company’s stock.
Several analysts have recently commented on the company. Zacks Investment Research lowered Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 28th. BidaskClub lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Fundamental Research reiterated a “buy” rating on shares of Tyson Foods in a report on Thursday, August 17th. BMO Capital Markets reiterated an “outperform” rating and set a $78.00 price objective (up previously from $75.00) on shares of Tyson Foods in a report on Thursday, August 10th. Finally, Mizuho reiterated a “buy” rating and set a $76.00 price objective (up previously from $71.00) on shares of Tyson Foods in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $69.79.
In other news, CFO Dennis Leatherby sold 145,100 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mikel A. Durham purchased 2,809 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $65.77 per share, for a total transaction of $184,747.93. The disclosure for this purchase can be found here. Insiders own 2.65% of the company’s stock.
Tyson Foods, Inc. (TSN) traded up 0.03% during midday trading on Wednesday, hitting $65.84. The stock had a trading volume of 397,116 shares. The stock has a market cap of $24.16 billion, a price-to-earnings ratio of 13.88 and a beta of 0.26. Tyson Foods, Inc. has a 12 month low of $55.72 and a 12 month high of $76.93. The stock has a 50 day moving average of $64.18 and a 200 day moving average of $62.20.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share (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 business had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the business posted $1.21 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that Tyson Foods, Inc. will post $5.06 EPS for the current fiscal year.
The company also recently declared 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. The ex-dividend date is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.37%. Tyson Foods’s dividend payout ratio (DPR) is 18.95%.
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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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