Thompson Investment Management Inc. bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 97,335 shares of the company’s stock, valued at approximately $4,968,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Verity & Verity LLC boosted its position in shares of Tyson Foods by 12.9% in the 2nd quarter. Verity & Verity LLC now owns 149,115 shares of the company’s stock worth $7,611,000 after purchasing an additional 16,981 shares in the last quarter. AE Wealth Management LLC raised its stake in Tyson Foods by 957.5% in the 2nd quarter. AE Wealth Management LLC now owns 82,773 shares of the company’s stock worth $4,225,000 after acquiring an additional 74,946 shares during the last quarter. CVA Family Office LLC raised its stake in Tyson Foods by 148.6% in the 2nd quarter. CVA Family Office LLC now owns 870 shares of the company’s stock worth $44,000 after acquiring an additional 520 shares during the last quarter. SG Americas Securities LLC raised its stake in Tyson Foods by 230.6% in the 2nd quarter. SG Americas Securities LLC now owns 42,090 shares of the company’s stock worth $2,148,000 after acquiring an additional 29,359 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in Tyson Foods by 227,030.0% in the 2nd quarter. Sound Income Strategies LLC now owns 22,713 shares of the company’s stock worth $1,159,000 after acquiring an additional 22,703 shares during the last quarter. Institutional investors own 63.68% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on TSN. StockNews.com began coverage on Tyson Foods in a research note on Thursday, August 17th. They set a “sell” rating for the company. Barclays reduced their price objective on Tyson Foods from $52.00 to $50.00 in a research note on Thursday, June 1st. Finally, BMO Capital Markets lifted their price objective on Tyson Foods from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, Tyson Foods currently has a consensus rating of “Hold” and an average price target of $55.75.
Tyson Foods Price Performance
Shares of Tyson Foods stock traded up $0.58 on Friday, hitting $54.54. The company’s stock had a trading volume of 3,967,813 shares, compared to its average volume of 2,641,266. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.71 and a current ratio of 1.80. Tyson Foods, Inc. has a 1 year low of $47.11 and a 1 year high of $74.07. The company has a market capitalization of $19.39 billion, a price-to-earnings ratio of 59.28 and a beta of 0.78. The firm has a fifty day moving average price of $53.61 and a 200-day moving average price of $54.73.
Tyson Foods (NYSE:TSN – Get Free Report) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.11). Tyson Foods had a return on equity of 4.77% and a net margin of 0.64%. The firm had revenue of $13.14 billion during the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the previous year, the firm posted $1.94 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 1.32 earnings per share for the current fiscal year.
Tyson Foods Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s payout ratio is 208.70%.
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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.
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