SignalPoint Asset Management LLC maintained its stake in shares of Tyson Foods Inc. (NYSE:TSN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,934 shares of the company’s stock at the end of the second quarter. SignalPoint Asset Management LLC’s holdings in Tyson Foods were worth $1,465,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in shares of Tyson Foods during the second quarter valued at approximately $169,614,000. JPMorgan Chase & Co. increased its stake in shares of Tyson Foods by 103.7% in the first quarter. JPMorgan Chase & Co. now owns 3,916,007 shares of the company’s stock valued at $261,043,000 after buying an additional 1,993,213 shares in the last quarter. AXA increased its stake in shares of Tyson Foods by 1,459.3% in the first quarter. AXA now owns 1,063,460 shares of the company’s stock valued at $70,890,000 after buying an additional 995,260 shares in the last quarter. Credit Agricole S A increased its stake in shares of Tyson Foods by 94.8% in the first quarter. Credit Agricole S A now owns 1,426,087 shares of the company’s stock valued at $95,066,000 after buying an additional 694,025 shares in the last quarter. Finally, Tobam increased its stake in shares of Tyson Foods by 655.3% in the first quarter. Tobam now owns 785,936 shares of the company’s stock valued at $52,391,000 after buying an additional 681,873 shares in the last quarter. 74.07% of the stock is owned by hedge funds and other institutional investors.
Shares of Tyson Foods Inc. (NYSE:TSN) traded down 1.90% during mid-day trading on Tuesday, reaching $73.67. 2,668,196 shares of the company’s stock were exchanged. The company has a market cap of $28.15 billion, a PE ratio of 17.91 and a beta of 0.26. Tyson Foods Inc. has a 52-week low of $42.89 and a 52-week high of $77.05. The company’s 50-day moving average price is $74.98 and its 200 day moving average price is $69.01.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.15. The firm had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.32 billion. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 EPS. On average, equities research analysts predict that Tyson Foods Inc. will post $4.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.15 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.81%. Tyson Foods’s dividend payout ratio is currently 14.53%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. RBC Capital Markets reissued a “sector perform” rating and set a $72.00 price objective (up previously from $68.00) on shares of Tyson Foods in a research report on Friday, August 5th. Jefferies Group reissued a “buy” rating and set a $70.00 price objective on shares of Tyson Foods in a research report on Tuesday, June 7th. BMO Capital Markets reissued a “market perform” rating and set a $77.00 price objective on shares of Tyson Foods in a research report on Thursday, August 11th. Finally, Vetr downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating and set a $69.00 price objective for the company. in a research report on Thursday, June 30th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $72.22.
In other news, Chairman John H. Tyson sold 282,478 shares of Tyson Foods stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $74.22, for a total value of $20,965,517.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Thurber sold 4,500 shares of Tyson Foods stock in a transaction on Friday, August 12th. The shares were sold at an average price of $74.93, for a total transaction of $337,185.00. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by insiders.
About Tyson Foods
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
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