Polaris Greystone Financial Group LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,844 shares of the company’s stock, valued at approximately $338,000.
Several other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Tyson Foods by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 1,936,309 shares of the company’s stock worth $115,268,000 after purchasing an additional 55,492 shares in the last quarter. CI Investments Inc. purchased a new stake in Tyson Foods in the 3rd quarter valued at $7,304,000. Martingale Asset Management L P grew its holdings in Tyson Foods by 11.4% in the 3rd quarter. Martingale Asset Management L P now owns 731,254 shares of the company’s stock valued at $43,532,000 after buying an additional 74,935 shares in the last quarter. Franklin Resources Inc. grew its holdings in Tyson Foods by 47.9% in the 3rd quarter. Franklin Resources Inc. now owns 68,482 shares of the company’s stock valued at $4,076,000 after buying an additional 22,178 shares in the last quarter. Finally, Standard Life Aberdeen plc grew its holdings in Tyson Foods by 279.0% in the 3rd quarter. Standard Life Aberdeen plc now owns 528,265 shares of the company’s stock valued at $31,448,000 after buying an additional 388,875 shares in the last quarter. Institutional investors and hedge funds own 70.28% of the company’s stock.
In other Tyson Foods news, insider Chad Roderick Martin sold 8,233 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $62.36, for a total transaction of $513,409.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott Rouse sold 2,500 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $64.22, for a total value of $160,550.00. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
Shares of TSN traded up $0.70 during mid-day trading on Wednesday, hitting $72.76. The company’s stock had a trading volume of 252,428 shares, compared to its average volume of 2,333,336. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.34. The stock has a market capitalization of $26.66 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.34 and a beta of 0.48. Tyson Foods, Inc. has a 1-year low of $49.77 and a 1-year high of $72.42.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Thursday, February 7th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.55 by $0.03. The business had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Tyson Foods had a return on equity of 17.25% and a net margin of 4.86%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $1.81 EPS. Research analysts anticipate that Tyson Foods, Inc. will post 5.93 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 30th. Tyson Foods’s payout ratio is 24.35%.
Several brokerages have issued reports on TSN. ValuEngine upgraded Tyson Foods from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Mizuho restated a “buy” rating and issued a $82.00 target price on shares of Tyson Foods in a report on Friday, February 8th. Stephens began coverage on Tyson Foods in a research note on Monday, March 4th. They issued an “overweight” rating and a $62.26 price target on the stock. Zacks Investment Research lowered Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 11th. Finally, Vertical Group raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Tyson Foods currently has an average rating of “Hold” and an average target price of $71.16.
Tyson Foods Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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.