ProShare Advisors LLC Sells 1,092 Shares of Tyson Foods, Inc. (TSN)
ProShare Advisors LLC decreased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 1.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,339 shares of the company’s stock after selling 1,092 shares during the period. ProShare Advisors LLC’s holdings in Tyson Foods were worth $3,591,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. 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 worth $140,000 after buying an additional 840 shares in 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 worth $143,000 after buying an additional 1,357 shares in the last quarter. IFP Advisors Inc raised its stake in Tyson Foods by 17.0% in the second quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock worth $155,000 after buying an additional 359 shares in 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 worth $177,000 after buying an additional 1,100 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new position in Tyson Foods in the first quarter worth approximately $196,000. 70.83% of the stock is owned by institutional investors.
TSN has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Thursday, July 13th. BidaskClub raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. BMO Capital Markets reissued a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research note on Thursday, June 15th. Vertical Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Mizuho initiated coverage on shares of Tyson Foods in a research note on Wednesday, June 7th. They issued a “buy” rating and a $71.00 price objective for the company. 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 company’s stock. Tyson Foods presently has a consensus rating of “Buy” and an average target price of $69.79.
Tyson Foods, Inc. (TSN) opened at 65.41 on Friday. The firm has a market capitalization of $24.00 billion, a P/E ratio of 13.79 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’s 50 day moving average price is $64.80 and its 200-day moving average price is $62.35.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 last year, the business earned $1.21 EPS. The company’s revenue was up 4.8% on a year-over-year basis. Equities analysts forecast that Tyson Foods, Inc. will post $5.06 earnings per share for the current 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 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 dividend yield of 1.38%. Tyson Foods’s payout ratio is 18.95%.
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In other news, Director Mikel A. Durham acquired 2,809 shares of Tyson Foods stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of $65.77 per share, for a total transaction of $184,747.93. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Dennis Leatherby sold 145,100 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were 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. 2.65% of the stock is currently owned by company insiders.
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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