Quantum Capital Management Purchases 161 Shares of Tyson Foods, Inc. (TSN)
Quantum Capital Management boosted its position in Tyson Foods, Inc. (NYSE:TSN) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,863 shares of the company’s stock after buying an additional 161 shares during the period. Quantum Capital Management’s holdings in Tyson Foods were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Capital Management LLC boosted its position in Tyson Foods by 5.8% in the second quarter. Advisors Capital Management LLC now owns 34,912 shares of the company’s stock valued at $2,187,000 after buying an additional 1,918 shares during the last quarter. Koch Industries Inc. purchased a new stake in Tyson Foods in the first quarter valued at approximately $343,000. Cullen Frost Bankers Inc. purchased a new stake in Tyson Foods in the second quarter valued at approximately $7,990,000. JPMorgan Chase & Co. boosted its position in Tyson Foods by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 5,855,494 shares of the company’s stock valued at $361,341,000 after buying an additional 558,104 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in Tyson Foods by 10.3% in the second quarter. APG Asset Management N.V. now owns 3,784,280 shares of the company’s stock valued at $237,009,000 after buying an additional 352,000 shares during the last quarter. Hedge funds and other institutional investors own 70.83% of the company’s stock.
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In other news, Director Mikel A. Durham purchased 2,809 shares of the company’s stock in a transaction on Monday, August 14th. The stock was bought at an average cost of $65.77 per share, for a total transaction of $184,747.93. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $65.97, for a total value 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, Inc. (NYSE:TSN) traded up 1.07% during trading on Friday, hitting $66.03. The stock had a trading volume of 176,023 shares. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $76.93. The firm has a market cap of $24.23 billion, a price-to-earnings ratio of 13.92 and a beta of 0.26. The stock’s 50-day moving average is $64.80 and its 200 day moving average is $62.35.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion during the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The business’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. Equities analysts anticipate that Tyson Foods, Inc. will post $5.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.38%. Tyson Foods’s payout ratio is currently 18.95%.
Several equities research analysts have commented on the company. BMO Capital Markets restated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research report on Thursday, June 15th. Fundamental Research restated a “buy” rating on shares of Tyson Foods in a research report on Thursday, August 17th. BidaskClub upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada upped their price objective on Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $69.79.
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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