Advisor Partners LLC increased its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,250 shares of the company’s stock after buying an additional 206 shares during the period. Advisor Partners LLC’s holdings in Tyson Foods were worth $329,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. IFP Advisors Inc boosted 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. Washington Trust Bank boosted its stake in Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after buying an additional 840 shares in the last quarter. Independent Portfolio Consultants Inc. boosted 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 boosted 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. Finally, Harbour Capital Advisors LLC bought a new stake in Tyson Foods during the first quarter valued at about $196,000. 71.97% of the stock is currently owned by hedge funds and other institutional investors.
Tyson Foods, Inc. (TSN) opened at 64.87 on Friday. The stock’s 50 day moving average is $62.21 and its 200 day moving average is $62.14. Tyson Foods, Inc. has a 52-week low of $55.72 and a 52-week high of $77.05. The company has a market cap of $23.80 billion, a price-to-earnings ratio of 13.68 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.10. The company had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share. On average, analysts predict that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.39%. Tyson Foods’s payout ratio is presently 18.95%.
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Several research firms recently issued reports on TSN. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Thursday. BMO Capital Markets reiterated an “outperform” rating and set a $78.00 target price (up previously from $75.00) on shares of Tyson Foods in a research note on Thursday. Royal Bank Of Canada boosted their target price on shares of Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Tuesday. Pivotal Research reiterated a “sell” rating and set a $40.00 target price on shares of Tyson Foods in a research note on Tuesday. Finally, Mizuho reiterated a “buy” rating and set a $76.00 target price (up previously from $71.00) on shares of Tyson Foods in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock 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.
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