BARING ASSET MANAGEMENT Ltd raised its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 231,531 shares of the company’s stock after purchasing an additional 9,764 shares during the period. Tyson Foods accounts for 1.0% of BARING ASSET MANAGEMENT Ltd’s portfolio, making the stock its 24th largest position. BARING ASSET MANAGEMENT Ltd owned approximately 0.06% of Tyson Foods worth $16,311,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in shares of Tyson Foods by 6,356.6% during the second quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock valued at $155,256,000 after buying an additional 2,440,548 shares during the last quarter. FMR LLC grew its holdings in shares of Tyson Foods by 155.4% during the second quarter. FMR LLC now owns 2,010,522 shares of the company’s stock valued at $125,920,000 after buying an additional 1,223,351 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Tyson Foods by 2,655.1% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,216,095 shares of the company’s stock valued at $75,045,000 after buying an additional 1,171,956 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Tyson Foods by 3.7% during the second quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after buying an additional 900,009 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Tyson Foods by 74.0% during the second quarter. Russell Investments Group Ltd. now owns 1,989,863 shares of the company’s stock valued at $124,644,000 after buying an additional 846,535 shares during the last quarter. 70.69% of the stock is owned by institutional investors and hedge funds.
In related news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of Tyson Foods stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $0.53, for a total transaction of $56,849.92. 2.65% of the stock is currently owned by insiders.
A number of equities research analysts have recently commented on TSN shares. Zacks Investment Research cut shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 28th. KeyCorp began coverage on shares of Tyson Foods in a report on Tuesday, October 31st. They issued an “overweight” rating and a $82.00 target price on the stock. Credit Suisse Group AG began coverage on shares of Tyson Foods in a report on Wednesday, July 19th. They issued a “neutral” rating and a $65.00 target price on the stock. BidaskClub upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Jefferies Group LLC set a $85.00 target price on shares of Tyson Foods and gave the stock a “buy” rating in a report on Monday, October 30th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Tyson Foods has an average rating of “Buy” and an average target price of $72.45.
Shares of Tyson Foods, Inc. (NYSE TSN) traded up $1.45 during trading hours on Tuesday, hitting $75.59. 5,475,200 shares of the company’s stock were exchanged, compared to its average volume of 2,654,427. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $75.82. The stock has a market cap of $26,636.80, a PE ratio of 15.32 and a beta of 0.30. The company has a quick ratio of 0.79, a current ratio of 1.63 and a debt-to-equity ratio of 0.97.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.93 billion. During the same period last year, the company posted $0.96 EPS. The business’s revenue was up 10.8% on a year-over-year basis. equities research analysts forecast that Tyson Foods, Inc. will post 5.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. Tyson Foods’s payout ratio is currently 18.95%.
Tyson Foods Profile
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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