Tradewinds Capital Management LLC decreased its stake in Tyson Foods Inc. (NYSE:TSN) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,553 shares of the company’s stock after selling 47 shares during the period. Tradewinds Capital Management LLC’s holdings in Tyson Foods were worth $104,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can acquired a new position in Tyson Foods during the second quarter valued at $169,614,000. AXA raised its position in 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. State Street Corp raised its position in Tyson Foods by 5.3% in the first quarter. State Street Corp now owns 12,852,492 shares of the company’s stock valued at $856,748,000 after buying an additional 647,431 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Tyson Foods by 2,527.8% in the first quarter. Canada Pension Plan Investment Board now owns 482,252 shares of the company’s stock valued at $32,147,000 after buying an additional 463,900 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in Tyson Foods by 1,233.6% in the first quarter. Panagora Asset Management Inc. now owns 454,892 shares of the company’s stock valued at $30,323,000 after buying an additional 420,783 shares in the last quarter. Hedge funds and other institutional investors own 74.12% of the company’s stock.
Shares of Tyson Foods Inc. (NYSE:TSN) traded up 0.38% during trading on Tuesday, reaching $71.82. The company’s stock had a trading volume of 935,521 shares. The firm has a market cap of $27.44 billion, a PE ratio of 17.46 and a beta of 0.26. The stock’s 50 day moving average price is $74.07 and its 200-day moving average price is $69.33. Tyson Foods Inc. has a 12 month low of $42.89 and a 12 month high of $77.05.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data 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 company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.32 billion. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The business’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Equities 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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Tyson Foods’s dividend payout ratio (DPR) is presently 14.53%.
TSN has been the topic of several recent analyst reports. Pivotal Research lowered Tyson Foods from a “buy” rating to a “sell” rating and reduced their target price for the stock from $100.00 to $40.00 in a report on Friday, October 7th. Jefferies Group boosted their price target on Tyson Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. JPMorgan Chase & Co. restated a “focus list” rating on shares of Tyson Foods in a report on Tuesday, October 4th. Vetr lowered Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 price target on the stock. in a report on Wednesday, June 22nd. Finally, Credit Agricole SA boosted their price target on Tyson Foods from $77.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $68.42.
In other news, Director Robert C. Thurber sold 4,500 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $74.93, for a total transaction of $337,185.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Curt Calaway sold 21,200 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $74.79, for a total transaction of $1,585,548.00. The disclosure for this sale can be found here. Insiders own 2.69% of the company’s stock.
Tyson Foods Company Profile
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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