Tyson Foods, Inc. (TSN) Shares Sold by State Street Corp
State Street Corp reduced its holdings in Tyson Foods, Inc. (NYSE:TSN) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,778,645 shares of the company’s stock after selling 225,508 shares during the quarter. State Street Corp owned 3.76% of Tyson Foods worth $862,951,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sun Life Financial INC increased its stake in Tyson Foods by 21,000.0% in the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after acquiring an additional 2,100 shares during the last quarter. Washington Trust Bank increased its stake in Tyson Foods by 60.0% in the 2nd quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after acquiring an additional 840 shares during the last quarter. Independent Portfolio Consultants Inc. increased its stake in Tyson Foods by 146.7% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock worth $143,000 after acquiring an additional 1,357 shares during the last quarter. IFP Advisors Inc increased its stake in Tyson Foods by 17.0% in the 2nd quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock worth $155,000 after acquiring an additional 359 shares during the last quarter. Finally, IHT Wealth Management LLC increased its stake in Tyson Foods by 62.9% in the 1st quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock worth $177,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 71.89% of the company’s stock.
Shares of Tyson Foods, Inc. (NYSE TSN) traded up 0.33% during midday trading on Monday, reaching $70.89. The company had a trading volume of 336,289 shares. The stock has a 50-day moving average of $66.04 and a 200 day moving average of $62.88. The firm has a market capitalization of $26.01 billion, a price-to-earnings ratio of 14.95 and a beta of 0.27. Tyson Foods, Inc. has a 52 week low of $55.72 and a 52 week high of $72.88.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The firm had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. On average, analysts anticipate that Tyson Foods, Inc. will post $5.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.27%. Tyson Foods’s payout ratio is currently 18.95%.
In other Tyson Foods news, CFO Dennis Leatherby sold 145,100 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mikel A. Durham acquired 2,809 shares of Tyson Foods stock in a transaction on Monday, August 14th. The shares were bought at an average cost 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.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Thursday, August 10th. BMO Capital Markets restated an “outperform” rating and issued a $78.00 target price (up from $75.00) on shares of Tyson Foods in a research note on Thursday, August 10th. 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 research note on Tuesday, August 8th. Pivotal Research restated a “sell” rating and issued a $40.00 target price on shares of Tyson Foods in a research note on Tuesday, August 8th. Finally, Mizuho restated a “buy” rating and issued a $76.00 target price (up from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $72.96.
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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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