Stephens Inc. AR Has $3.27 Million Stake in Tyson Foods, Inc. (TSN)
Stephens Inc. AR lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 15.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,369 shares of the company’s stock after buying an additional 6,284 shares during the period. Stephens Inc. AR’s holdings in Tyson Foods were worth $3,267,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of TSN. Sun Life Financial INC lifted its stake in shares of Tyson Foods by 21,000.0% in the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after buying an additional 2,100 shares in the last quarter. Washington Trust Bank lifted its position in Tyson Foods by 60.0% during the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after purchasing an additional 840 shares during the period. Stevens First Principles Investment Advisors bought a new position in Tyson Foods during the third quarter valued at approximately $141,000. Archford Capital Strategies LLC lifted its position in Tyson Foods by 27,492.3% during the second quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock valued at $149,000 after purchasing an additional 3,574 shares during the period. Finally, IFP Advisors Inc lifted its position in Tyson Foods by 17.0% during the second quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock valued at $155,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 73.44% of the company’s stock.
Tyson Foods, Inc. (NYSE:TSN) traded up $0.99 during trading on Tuesday, hitting $78.96. 2,640,600 shares of the stock traded hands, compared to its average volume of 2,655,466. The company has a market cap of $28,660.00, a price-to-earnings ratio of 14.68 and a beta of 0.30. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 0.88. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $79.27.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.05. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.93 billion. During the same quarter last year, the business earned $0.96 EPS. The business’s revenue was up 10.8% on a year-over-year basis. equities analysts forecast that Tyson Foods, Inc. will post 5.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.30 per share. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. Tyson Foods’s dividend payout ratio (DPR) is presently 18.79%.
In related news, insider Scott Rouse sold 1,000 shares of Tyson Foods stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $77.26, for a total transaction of $77,260.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.65% of the company’s stock.
A number of research analysts recently weighed in on TSN shares. Zacks Investment Research downgraded shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 28th. KeyCorp started coverage on shares of Tyson Foods in a research report on Tuesday, October 31st. They issued an “overweight” rating and a $82.00 price target on the stock. Jefferies Group LLC set a $85.00 price target on shares of Tyson Foods and gave the stock a “buy” rating in a research report on Monday, October 30th. Morgan Stanley started coverage on shares of Tyson Foods in a research report on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 price target on the stock. Finally, Fundamental Research reiterated a “buy” rating on shares of Tyson Foods in a research report on Thursday, August 17th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $73.71.
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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