KBC Group NV Buys 30,854 Shares of Tyson Foods, Inc. (TSN)
KBC Group NV lifted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 11.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 301,047 shares of the company’s stock after acquiring an additional 30,854 shares during the quarter. KBC Group NV owned 0.08% of Tyson Foods worth $21,209,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of TSN. Janus Henderson Group PLC increased its position in shares of Tyson Foods by 6,356.6% during the second quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock worth $155,256,000 after acquiring an additional 2,440,548 shares during the period. Iridian Asset Management LLC CT increased its position in shares of Tyson Foods by 64.4% during the third quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock worth $340,488,000 after acquiring an additional 1,893,438 shares during the period. FMR LLC increased its position in shares of Tyson Foods by 155.4% during the second quarter. FMR LLC now owns 2,010,522 shares of the company’s stock worth $125,920,000 after acquiring an additional 1,223,351 shares during the period. Ameriprise Financial Inc. increased its position in shares of Tyson Foods by 12.5% during the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after acquiring an additional 980,069 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Tyson Foods by 3.7% during the second quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock worth $1,564,398,000 after acquiring an additional 900,009 shares during the period. 71.59% of the stock is currently owned by institutional investors and hedge funds.
Tyson Foods, Inc. (NYSE:TSN) traded up $0.14 during trading hours on Friday, reaching $82.39. The company had a trading volume of 2,763,655 shares, compared to its average volume of 2,650,770. The stock has a market capitalization of $30,290.00, a price-to-earnings ratio of 15.28 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 52-week low of $56.40 and a 52-week high of $82.84.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.93 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Tyson Foods’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts anticipate that Tyson Foods, Inc. will post 5.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s dividend payout ratio is currently 18.79%.
In other Tyson Foods news, insider Scott Rouse sold 1,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $77.26, for a total value of $77,260.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Curt Calaway sold 21,200 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $81.01, for a total transaction of $1,717,412.00. The disclosure for this sale can be found here. Insiders sold 154,485 shares of company stock valued at $12,626,308 in the last 90 days. 2.65% of the stock is currently owned by insiders.
TSN has been the topic of a number of recent research reports. Zacks Investment Research lowered Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 28th. KeyCorp initiated coverage on Tyson Foods in a report on Tuesday, October 31st. They issued an “overweight” rating and a $82.00 target price on the stock. Jefferies Group set a $85.00 target price on Tyson Foods and gave the company a “buy” rating in a report on Monday, October 30th. Argus raised Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Wednesday, November 15th. Finally, Morgan Stanley initiated coverage on Tyson Foods in a report on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.71.
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Tyson Foods 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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