Palouse Capital Management Inc. bought a new position in Tyson Foods, Inc. (NYSE:TSN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 42,603 shares of the company’s stock, valued at approximately $2,668,000.
Several other large investors have also recently bought and sold shares of TSN. State of Alaska Department of Revenue bought a new stake in shares of Tyson Foods during the first quarter valued at $1,920,000. DnB Asset Management AS boosted its stake in shares of Tyson Foods by 17.4% in the first quarter. DnB Asset Management AS now owns 39,858 shares of the company’s stock valued at $2,460,000 after buying an additional 5,900 shares during the last quarter. Howe & Rusling Inc. boosted its stake in shares of Tyson Foods by 46.1% in the first quarter. Howe & Rusling Inc. now owns 61,768 shares of the company’s stock valued at $3,812,000 after buying an additional 19,498 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Tyson Foods by 146.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,698 shares of the company’s stock valued at $1,965,000 after buying an additional 18,830 shares during the last quarter. Finally, Tompkins Financial Corp boosted its stake in shares of Tyson Foods by 69.9% in the first quarter. Tompkins Financial Corp now owns 7,241 shares of the company’s stock valued at $483,000 after buying an additional 2,980 shares during the last quarter. Institutional investors own 71.97% of the company’s stock.
Shares of Tyson Foods, Inc. (NYSE:TSN) traded up 1.05% on Friday, reaching $65.55. The company had a trading volume of 2,783,319 shares. The company’s 50 day moving average price is $62.32 and its 200-day moving average price is $62.16. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $77.05. The stock has a market capitalization of $24.05 billion, a P/E ratio of 13.82 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.10. The firm had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 earnings per share. Equities analysts predict that Tyson Foods, Inc. will post $5.06 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.225 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.37%. Tyson Foods’s payout ratio is currently 18.95%.
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Several brokerages have weighed in on TSN. BidaskClub cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Thursday, April 27th. Royal Bank Of Canada reissued a “hold” rating and set a $68.00 price objective on shares of Tyson Foods in a research note on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research note on Monday, May 8th. Finally, Mizuho reaffirmed a “buy” rating and set a $71.00 target price on shares of Tyson Foods in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $69.79.
About Tyson Foods
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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