Tyson Foods, Inc. (TSN) Shares Bought by FDx Advisors Inc.
FDx Advisors Inc. lifted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 45.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,492 shares of the company’s stock after acquiring an additional 5,127 shares during the period. FDx Advisors Inc.’s holdings in Tyson Foods were worth $1,162,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of TSN. Sun Life Financial INC lifted its holdings in shares of Tyson Foods by 21,000.0% in the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after buying an additional 2,100 shares during the period. Washington Trust Bank lifted its holdings in shares of Tyson Foods by 60.0% in the 2nd 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 period. IFP Advisors Inc raised its holdings in Tyson Foods by 17.0% during the second quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock worth $155,000 after purchasing an additional 359 shares during the last quarter. Cadence Bank NA acquired a new position in Tyson Foods during the third quarter worth $200,000. Finally, Newman Dignan & Sheerar Inc. acquired a new position in Tyson Foods during the third quarter worth $203,000. 70.69% of the stock is currently owned by institutional investors and hedge funds.
TSN has been the subject of a number of analyst reports. Mizuho reissued a “buy” rating and issued a $76.00 price target (up from $71.00) on shares of Tyson Foods in a report on Wednesday, August 9th. Fundamental Research reaffirmed a “buy” rating on shares of Tyson Foods in a research report on Thursday, August 17th. BidaskClub raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Thursday, August 10th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research report on Thursday, July 27th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Tyson Foods has an average rating of “Buy” and an average price target of $72.62.
Shares of Tyson Foods, Inc. (NYSE TSN) opened at $76.21 on Thursday. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $76.94. The stock has a market capitalization of $27,330.20, a price-to-earnings ratio of 14.33 and a beta of 0.30.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.05. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.93 billion. Tyson Foods had a net margin of 4.64% and a return on equity of 20.00%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. analysts predict that Tyson Foods, Inc. will post 5.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.30 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, February 28th. Tyson Foods’s dividend payout ratio (DPR) is currently 18.79%.
In other news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $0.53, for a total value of $56,849.92. Company insiders own 2.65% of the company’s stock.
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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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