Great West Life Assurance Co. Can Buys 333,277 Shares of Tyson Foods, Inc. (TSN)

Great West Life Assurance Co. Can raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 82.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 739,671 shares of the company’s stock after buying an additional 333,277 shares during the period. Great West Life Assurance Co. Can owned about 0.20% of Tyson Foods worth $46,255,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Jaffetilchin Investment Partners LLC boosted its position in Tyson Foods by 0.3% in the first quarter. Jaffetilchin Investment Partners LLC now owns 7,039 shares of the company’s stock worth $434,000 after buying an additional 24 shares during the last quarter. Smith Salley & Associates boosted its position in Tyson Foods by 0.8% in the first quarter. Smith Salley & Associates now owns 3,628 shares of the company’s stock worth $224,000 after buying an additional 28 shares during the last quarter. Horrell Capital Management Inc. boosted its position in Tyson Foods by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $1,682,000 after buying an additional 100 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its position in Tyson Foods by 0.5% in the first quarter. Meiji Yasuda Life Insurance Co now owns 20,580 shares of the company’s stock worth $1,270,000 after buying an additional 100 shares during the last quarter. Finally, 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 during the last quarter. 71.97% of the stock is owned by institutional investors.

Shares of Tyson Foods, Inc. (NYSE TSN) traded up 1.05% during trading on Friday, reaching $65.55. 2,783,319 shares of the company’s stock traded hands. The stock has a market cap of $24.05 billion, a P/E ratio of 13.82 and a beta of 0.26. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $77.05. The company has a 50 day moving average price of $62.32 and a 200-day moving average price of $62.16.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.10. The business had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $1.21 EPS. On average, equities research analysts expect that Tyson Foods, Inc. will post $5.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 18.95%.

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TSN has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Thursday. BMO Capital Markets reaffirmed an “outperform” rating and set a $78.00 target price (up previously from $75.00) on shares of Tyson Foods in a report on Thursday. Pivotal Research reaffirmed a “sell” rating and set a $40.00 target price on shares of Tyson Foods in a report on Tuesday, August 8th. Royal Bank Of Canada increased their target price on shares of Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a report on Tuesday, August 8th. Finally, Credit Suisse Group set a $70.00 target price on shares of Tyson Foods and gave the company a “neutral” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price 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.

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

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