BlackRock Inc. lifted its position in Tyson Foods, Inc. (NYSE:TSN) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,191,662 shares of the company’s stock after buying an additional 136,071 shares during the period. BlackRock Inc. owned about 5.23% of Tyson Foods worth $1,201,973,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Capital Management LLC increased its position in shares of Tyson Foods by 5.8% in the 2nd quarter. Advisors Capital Management LLC now owns 34,912 shares of the company’s stock valued at $2,187,000 after buying an additional 1,918 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Tyson Foods in the 1st quarter valued at $343,000. Cullen Frost Bankers Inc. bought a new stake in shares of Tyson Foods in the 2nd quarter valued at $7,990,000. JPMorgan Chase & Co. increased its position in shares of Tyson Foods by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 5,855,494 shares of the company’s stock valued at $361,341,000 after buying an additional 558,104 shares in the last quarter. Finally, APG Asset Management N.V. increased its position in shares of Tyson Foods by 10.3% in the 2nd quarter. APG Asset Management N.V. now owns 3,784,280 shares of the company’s stock valued at $237,009,000 after buying an additional 352,000 shares in the last quarter. Institutional investors and hedge funds own 70.85% of the company’s stock.
In related news, Director Mikel A. Durham purchased 2,809 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of $65.77 per share, with a total value of $184,747.93. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction on Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The disclosure for this sale can be found here. Insiders own 2.65% of the company’s stock.
Tyson Foods, Inc. (NYSE TSN) opened at 66.87 on Friday. The firm’s 50-day moving average price is $64.59 and its 200-day moving average price is $62.31. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $76.93. The company has a market cap of $24.53 billion, a PE ratio of 14.10 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The firm had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is currently 18.95%.
A number of analysts recently commented on TSN shares. Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Pivotal Research restated a “sell” rating and issued a $40.00 price objective on shares of Tyson Foods in a research report on Tuesday, August 8th. ValuEngine cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $69.79.
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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