Tyson Foods, Inc. (TSN) Stake Raised by BDO Wealth Advisors LLC
BDO Wealth Advisors LLC raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,975 shares of the company’s stock after purchasing an additional 802 shares during the quarter. BDO Wealth Advisors LLC’s holdings in Tyson Foods were worth $824,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in TSN. Unigestion Holding SA acquired a new stake in Tyson Foods during the 2nd quarter valued at $89,673,000. Janus Henderson Group PLC lifted its holdings in Tyson Foods by 60.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,471,638 shares of the company’s stock valued at $101,325,000 after purchasing an additional 554,165 shares during the last quarter. Bank of Montreal Can acquired a new stake in Tyson Foods during the 2nd quarter valued at $35,457,000. Natixis lifted its holdings in Tyson Foods by 560.3% during the 2nd quarter. Natixis now owns 584,514 shares of the company’s stock valued at $40,244,000 after purchasing an additional 495,989 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Tyson Foods by 891.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 494,189 shares of the company’s stock valued at $34,025,000 after purchasing an additional 444,329 shares during the last quarter. 70.37% of the stock is owned by institutional investors and hedge funds.
TSN stock opened at $62.37 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71. The firm has a market cap of $23.20 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.98 and a beta of 0.11. Tyson Foods, Inc. has a fifty-two week low of $56.79 and a fifty-two week high of $84.65.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.92%. Tyson Foods’s payout ratio is 22.60%.
In related news, insider Sally Grimes sold 19,258 shares of the firm’s stock in a transaction on Sunday, July 1st. The stock was sold at an average price of $68.85, for a total value of $1,325,913.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas P. Hayes sold 20,202 shares of the firm’s stock in a transaction on Sunday, July 1st. The stock was sold at an average price of $68.85, for a total value of $1,390,907.70. The disclosure for this sale can be found here. 1.55% of the stock is owned by company insiders.
Several equities research analysts have issued reports on the company. ValuEngine downgraded Tyson Foods from a “sell” rating to a “strong sell” rating in a report on Monday, July 30th. Zacks Investment Research downgraded Tyson Foods from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a report on Monday. Stephens cut their price target on Tyson Foods to $73.00 and set an “overweight” rating for the company in a report on Monday, July 30th. They noted that the move was a valuation call. Finally, Mizuho set a $87.00 price target on Tyson Foods and gave the company a “buy” rating in a report on Wednesday, July 25th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $75.40.
Tyson Foods Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.
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