Moors & Cabot Inc. bought a new position in Tyson Foods, Inc. (NYSE:TSN) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,122 shares of the company’s stock, valued at approximately $216,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Blueshift Asset Management LLC acquired a new stake in shares of Tyson Foods during the 4th quarter worth approximately $1,174,000. Ropes Wealth Advisors LLC acquired a new stake in shares of Tyson Foods during the 1st quarter worth approximately $39,000. DNB Asset Management AS raised its position in shares of Tyson Foods by 24.1% during the 1st quarter. DNB Asset Management AS now owns 80,875 shares of the company’s stock worth $5,615,000 after purchasing an additional 15,722 shares during the period. Machina Capital S.A.S. acquired a new stake in shares of Tyson Foods during the 4th quarter worth approximately $227,000. Finally, Macquarie Group Ltd. raised its position in shares of Tyson Foods by 1.3% during the 4th quarter. Macquarie Group Ltd. now owns 252,908 shares of the company’s stock worth $13,505,000 after purchasing an additional 3,332 shares during the period. 71.36% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on TSN shares. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Wednesday, January 23rd. Mizuho restated a “buy” rating and issued a $82.00 target price on shares of Tyson Foods in a research report on Friday, February 8th. Jefferies Financial Group restated a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a research report on Sunday, February 17th. Stephens started coverage on Tyson Foods in a research report on Monday, March 4th. They issued an “overweight” rating and a $62.26 target price on the stock. Finally, ValuEngine upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Tyson Foods has an average rating of “Buy” and an average target price of $77.94.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 6th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. The firm had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.25 billion. During the same period last year, the firm earned $1.27 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts expect that Tyson Foods, Inc. will post 5.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, August 29th. Tyson Foods’s dividend payout ratio is currently 24.35%.
In other Tyson Foods news, EVP Mary Oleksiuk sold 44,967 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $77.09, for a total transaction of $3,466,506.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chad Roderick Martin sold 8,233 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $62.36, for a total value of $513,409.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,490 shares of company stock valued at $11,139,298. 1.69% of the stock is currently owned by corporate insiders.
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About Tyson Foods
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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