CIBC Asset Management Inc boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 34,779 shares of the company’s stock after buying an additional 166 shares during the period. CIBC Asset Management Inc’s holdings in Tyson Foods were worth $2,178,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of TSN. CENTRAL TRUST Co boosted its position in Tyson Foods by 55.9% in the first quarter. CENTRAL TRUST Co now owns 10,311 shares of the company’s stock valued at $636,000 after buying an additional 3,699 shares during the period. Gulf International Bank UK Ltd boosted its position in Tyson Foods by 25.3% in the first quarter. Gulf International Bank UK Ltd now owns 5,951 shares of the company’s stock valued at $367,000 after buying an additional 1,200 shares during the period. National Pension Service boosted its position in Tyson Foods by 7.1% in the first quarter. National Pension Service now owns 265,039 shares of the company’s stock valued at $16,337,000 after buying an additional 17,455 shares during the period. Regentatlantic Capital LLC boosted its position in Tyson Foods by 3.0% in the first quarter. Regentatlantic Capital LLC now owns 111,916 shares of the company’s stock valued at $6,906,000 after buying an additional 3,224 shares during the period. Finally, 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 valued at $1,682,000 after buying an additional 100 shares during the period. 71.05% of the stock is owned by hedge funds and other institutional investors.
Tyson Foods, Inc. (TSN) traded up 0.37% on Friday, hitting $65.14. The stock had a trading volume of 2,465,295 shares. The company’s 50 day moving average is $62.71 and its 200-day moving average is $62.26. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $77.05. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of 13.73 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.10. The firm 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $1.21 EPS. On average, analysts forecast that Tyson Foods, Inc. will post $5.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s payout ratio is presently 18.95%.
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Several equities analysts have commented on TSN shares. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Thursday, April 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research note on Monday, May 8th. Royal Bank Of Canada reiterated a “hold” rating and issued a $68.00 price objective on shares of Tyson Foods in a research note on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $76.00 price objective on shares of Tyson Foods in a research note on Tuesday, May 9th. Finally, ValuEngine lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $69.79.
In other Tyson Foods news, Director Mikel A. Durham bought 2,809 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average price of $65.77 per share, for a total transaction of $184,747.93. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction on Monday, August 14th. The stock was 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. 2.65% of the stock is owned by company insiders.
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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