Principal Financial Group Inc. Decreases Holdings in Tyson Foods, Inc. (TSN)
Principal Financial Group Inc. trimmed its position in Tyson Foods, Inc. (NYSE:TSN) by 38.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,736 shares of the company’s stock after selling 285,324 shares during the quarter. Principal Financial Group Inc. owned 0.13% of Tyson Foods worth $32,811,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Tyson Foods by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock worth $1,564,398,000 after purchasing an additional 900,009 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Tyson Foods by 0.7% during the 2nd quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock worth $1,201,973,000 after purchasing an additional 136,071 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Tyson Foods by 5.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,843,052 shares of the company’s stock worth $491,179,000 after purchasing an additional 423,836 shares in the last quarter. LSV Asset Management grew its holdings in shares of Tyson Foods by 3.3% during the 2nd quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock worth $336,508,000 after purchasing an additional 171,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Tyson Foods by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,014,415 shares of the company’s stock worth $251,393,000 after purchasing an additional 10,832 shares in the last quarter. 70.69% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $0.53, for a total transaction of $56,849.92. Company insiders own 2.65% of the company’s stock.
Several analysts have recently issued reports on TSN shares. Royal Bank Of Canada reissued a “sector perform” rating and set a $77.00 target price (up from $70.00) on shares of Tyson Foods in a report on Friday, October 6th. Morgan Stanley began coverage on Tyson Foods in a research note on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 price objective on the stock. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 price objective on the stock in a research note on Wednesday, October 4th. Argus raised Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Wednesday. Finally, BidaskClub lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Eight research 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 currently has an average rating of “Buy” and an average price target of $73.71.
Tyson Foods, Inc. (TSN) opened at $77.97 on Friday. Tyson Foods, Inc. has a 1 year low of $55.72 and a 1 year high of $78.03. The stock has a market capitalization of $28,012.83, a PE ratio of 14.68 and a beta of 0.30. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.79 and a current ratio of 1.55.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.93 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. research analysts predict that Tyson Foods, Inc. will post 5.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.20 annualized dividend and a yield of 1.54%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s dividend payout ratio (DPR) is currently 18.79%.
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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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