Cambridge Investment Research Advisors Inc. increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 166.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 108,814 shares of the company’s stock after purchasing an additional 67,903 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Tyson Foods were worth $7,555,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in TSN. BKD Wealth Advisors LLC lifted its holdings in shares of Tyson Foods by 14.0% in the fourth quarter. BKD Wealth Advisors LLC now owns 6,649 shares of the company’s stock valued at $355,000 after purchasing an additional 814 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Tyson Foods by 32.2% in the fourth quarter. Bank of Montreal Can now owns 774,458 shares of the company’s stock valued at $41,357,000 after purchasing an additional 188,501 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Tyson Foods by 47.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 123,896 shares of the company’s stock valued at $6,616,000 after purchasing an additional 39,966 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Tyson Foods by 10.1% in the fourth quarter. IFM Investors Pty Ltd now owns 16,945 shares of the company’s stock valued at $905,000 after purchasing an additional 1,557 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. lifted its holdings in shares of Tyson Foods by 37.8% in the fourth quarter. Newman Dignan & Sheerar Inc. now owns 10,053 shares of the company’s stock valued at $537,000 after purchasing an additional 2,758 shares in the last quarter. 68.83% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Scott Rouse sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $64.22, for a total value of $160,550.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sally Grimes sold 83,490 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $78.00, for a total value of $6,512,220.00. The disclosure for this sale can be found here. Insiders sold 170,423 shares of company stock worth $13,353,295 in the last 90 days. Corporate insiders own 1.69% of the company’s stock.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 6th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 earnings per share. Equities research analysts predict that Tyson Foods, Inc. will post 5.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.50 annualized dividend and a yield of 1.84%. Tyson Foods’s dividend payout ratio is 24.35%.
A number of analysts have recently commented on the company. Piper Jaffray Companies boosted their price target on Tyson Foods from $72.00 to $84.00 and gave the company a “positive” rating in a report on Monday, May 6th. Standpoint Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Monday, April 29th. BMO Capital Markets reiterated a “top pick” rating and set a $90.00 target price on shares of Tyson Foods in a report on Tuesday, May 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Wednesday, May 8th. Finally, Barclays upped their target price on Tyson Foods from $73.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.94.
Tyson Foods Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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