Advisors Capital Management LLC raised its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 5.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 34,912 shares of the company’s stock after buying an additional 1,918 shares during the period. Advisors Capital Management LLC’s holdings in Tyson Foods were worth $2,187,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CrestPoint Capital Management LLC boosted its position in Tyson Foods by 0.5% in the second quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock worth $1,321,000 after buying an additional 100 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of Tyson Foods by 21.8% in the second quarter. CENTRAL TRUST Co now owns 12,560 shares of the company’s stock valued at $786,000 after buying an additional 2,249 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of Tyson Foods by 4.8% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 18,892 shares of the company’s stock valued at $1,183,000 after buying an additional 860 shares during the period. Eqis Capital Management Inc. boosted its position in shares of Tyson Foods by 11.0% in the second quarter. Eqis Capital Management Inc. now owns 29,110 shares of the company’s stock valued at $1,823,000 after buying an additional 2,877 shares during the period. Finally, James Investment Research Inc. purchased a new position in shares of Tyson Foods during the second quarter valued at about $5,771,000. 71.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tyson Foods, Inc. (NYSE TSN) traded up 1.05% during mid-day trading on Friday, hitting $65.55. The stock had a trading volume of 2,783,319 shares. The stock’s 50-day moving average is $62.32 and its 200 day moving average is $62.16. The firm has a market cap of $24.05 billion, a PE ratio of 13.82 and a beta of 0.26. Tyson Foods, Inc. has a 12 month low of $55.72 and a 12 month high of $77.05.
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 research analysts predict that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal 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 of this dividend 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%.
Several research analysts recently issued reports on the company. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Thursday. BMO Capital Markets reissued an “outperform” rating and issued a $78.00 price objective (up previously from $75.00) on shares of Tyson Foods in a research note on Thursday. Mizuho reissued a “buy” rating and issued a $76.00 price objective (up previously from $71.00) on shares of Tyson Foods in a research note on Wednesday. Royal Bank Of Canada increased their price objective on Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 8th. Finally, Pivotal Research reissued a “sell” rating and issued a $40.00 price objective on shares of Tyson Foods in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $69.79.
Tyson Foods Company 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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