Mn Services Vermogensbeheer B.V. increased its stake in Tyson Foods, Inc. (NYSE:TSN) by 505.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,631 shares of the company’s stock after buying an additional 38,933 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Tyson Foods were worth $2,920,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in TSN. IFP Advisors Inc increased its stake in Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock valued at $130,000 after buying an additional 182 shares in the last quarter. Independent Portfolio Consultants Inc. increased its stake in Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after buying an additional 1,357 shares in the last quarter. IHT Wealth Management LLC increased its stake in Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $177,000 after buying an additional 1,100 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in Tyson Foods during the first quarter valued at $196,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Tyson Foods during the first quarter valued at $203,000. 71.59% of the stock is currently owned by institutional investors.
Shares of Tyson Foods, Inc. (TSN) opened at 61.39 on Monday. The stock’s 50 day moving average is $59.87 and its 200-day moving average is $62.15. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $77.05. The stock has a market cap of $22.53 billion, a price-to-earnings ratio of 12.82 and a beta of 0.25.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by $0.05. The firm had revenue of $9.08 billion for the quarter, compared to analyst estimates of $9.07 billion. Tyson Foods had a return on equity of 18.55% and a net margin of 4.91%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS. Equities analysts anticipate that Tyson Foods, Inc. will post $5.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Wednesday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 18.79%.
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Several analysts have weighed in on the stock. BMO Capital Markets reissued a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Thursday, June 15th. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Thursday. BidaskClub cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Mizuho started coverage on shares of Tyson Foods in a research note on Wednesday, June 7th. They set a “buy” rating and a $71.00 price objective for the company. Finally, Barclays PLC started coverage on shares of Tyson Foods in a research note on Tuesday, June 6th. They set an “overweight” rating and a $70.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Tyson Foods has a consensus rating of “Buy” and a consensus target price of $69.04.
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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