Hexagon Capital Partners LLC purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 185,889 shares of the company’s stock, valued at approximately $10,712,000. Tyson Foods accounts for about 3.4% of Hexagon Capital Partners LLC’s portfolio, making the stock its 4th largest position.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Tyson Foods by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 28,970,125 shares of the company’s stock worth $1,729,806,000 after purchasing an additional 308,263 shares in the last quarter. Victory Capital Management Inc. increased its position in Tyson Foods by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 3,932,038 shares of the company’s stock worth $233,877,000 after purchasing an additional 214,118 shares in the last quarter. Bank of New York Mellon Corp increased its position in Tyson Foods by 15.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,499,968 shares of the company’s stock worth $149,275,000 after purchasing an additional 343,889 shares in the last quarter. California Public Employees Retirement System increased its position in Tyson Foods by 2.1% during the 3rd quarter. California Public Employees Retirement System now owns 1,589,222 shares of the company’s stock worth $94,527,000 after purchasing an additional 33,155 shares in the last quarter. Finally, Bristol Gate Capital Partners Inc. increased its position in Tyson Foods by 12.2% during the 3rd quarter. Bristol Gate Capital Partners Inc. now owns 991,086 shares of the company’s stock worth $58,950,000 after purchasing an additional 107,545 shares in the last quarter. 63.82% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on TSN shares. ValuEngine cut shares of Tyson Foods from a “hold” rating to a “sell” rating in a research report on Thursday, August 6th. TheStreet upgraded shares of Tyson Foods from a “c+” rating to a “b-” rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. upped their price target on shares of Tyson Foods from $63.00 to $70.00 in a research report on Wednesday, August 26th. Seaport Global Securities began coverage on shares of Tyson Foods in a research report on Tuesday, July 28th. They issued a “neutral” rating for the company. Finally, Credit Suisse Group cut shares of Tyson Foods from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $75.00 to $68.00 in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $78.09.
Tyson Foods (NYSE:TSN) last issued its earnings results on Sunday, November 15th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.62. Tyson Foods had a net margin of 4.26% and a return on equity of 12.63%. During the same quarter last year, the firm earned $1.21 EPS. As a group, analysts forecast that Tyson Foods, Inc. will post 4.98 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Monday, March 1st will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Friday, February 26th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.42. This represents a $1.78 annualized dividend and a yield of 2.93%. Tyson Foods’s dividend payout ratio is currently 30.77%.
Tyson Foods Company 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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