Zevenbergen Capital Investments LLC increased its holdings in Tyson Foods, Inc. (NYSE:TSN) by 10.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,867 shares of the company’s stock after acquiring an additional 930 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in Tyson Foods were worth $728,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in TSN. Disciplined Investments LLC purchased a new position in Tyson Foods in the 1st quarter valued at $26,000. Bedel Financial Consulting Inc. grew its position in Tyson Foods by 261.7% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 434 shares of the company’s stock valued at $32,000 after buying an additional 314 shares during the last quarter. E Fund Management Co. Ltd. purchased a new position in Tyson Foods in the 1st quarter valued at $38,000. Eagle Bay Advisors LLC purchased a new position in Tyson Foods in the 2nd quarter valued at $43,000. Finally, NEXT Financial Group Inc grew its position in Tyson Foods by 43.3% in the 2nd quarter. NEXT Financial Group Inc now owns 612 shares of the company’s stock valued at $45,000 after buying an additional 185 shares during the last quarter. 65.11% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Gaurdie E. Jr. Banister sold 20,095 shares of the business’s stock in a transaction dated Friday, August 13th. The shares were sold at an average price of $82.28, for a total value of $1,653,416.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert C. Thurber sold 10,696 shares of the business’s stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $78.82, for a total transaction of $843,058.72. The disclosure for this sale can be found here. Insiders own 1.82% of the company’s stock.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 9th. The company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.93. The business had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $11.52 billion. Tyson Foods had a return on equity of 18.28% and a net margin of 5.22%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 EPS. As a group, equities analysts anticipate that Tyson Foods, Inc. will post 7.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Wednesday, December 1st will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Tuesday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 31.56%.
A number of equities analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Tyson Foods from $84.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, August 10th. Piper Sandler restated a “hold” rating and set a $79.00 target price on shares of Tyson Foods in a research report on Wednesday, July 7th. Finally, Seaport Res Ptn restated a “neutral” rating on shares of Tyson Foods in a research report on Monday, August 9th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $84.29.
About Tyson Foods
Tyson Foods, Inc engages in the production of processed food. It operates through the following segments: Chicken, Beef, Pork and Prepared Foods. The Chicken segment involves in domestic operations related to raising and processing live chickens into fresh, frozen and value-added chicken products, as well as sales from allied products.
Featured Article: Return on Equity (ROE)
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.