Ajo LP lifted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 181.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,012,160 shares of the company’s stock after purchasing an additional 652,569 shares during the period. Ajo LP owned 0.28% of Tyson Foods worth $63,392,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of TSN. BlackRock Inc. increased its stake in shares of Tyson Foods by 2,404.6% in the first quarter. BlackRock Inc. now owns 19,055,591 shares of the company’s stock worth $1,175,919,000 after purchasing an additional 18,294,771 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Tyson Foods in the first quarter worth about $73,273,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Tyson Foods by 2,655.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,216,095 shares of the company’s stock worth $75,045,000 after purchasing an additional 1,171,956 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Tyson Foods by 70.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,298,455 shares of the company’s stock worth $141,838,000 after purchasing an additional 947,215 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Tyson Foods by 74.0% in the second quarter. Russell Investments Group Ltd. now owns 1,989,863 shares of the company’s stock worth $124,644,000 after purchasing an additional 846,535 shares during the period. Institutional investors and hedge funds own 70.85% of the company’s stock.
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Thursday, August 10th. BMO Capital Markets restated an “outperform” rating and set a $78.00 price target (up from $75.00) on shares of Tyson Foods in a research note on Thursday, August 10th. Pivotal Research restated a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research note on Tuesday, August 8th. Royal Bank Of Canada boosted their price target on Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 8th. Finally, Mizuho restated a “buy” rating and set a $76.00 price target (up from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $69.79.
Shares of Tyson Foods, Inc. (NYSE:TSN) opened at 65.24 on Tuesday. The firm’s 50-day moving average price is $64.14 and its 200-day moving average price is $62.18. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $76.93. The firm has a market capitalization of $23.94 billion, a P/E ratio of 13.76 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The company had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the firm earned $1.21 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts predict that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.37%. Tyson Foods’s dividend payout ratio is presently 18.95%.
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In other Tyson Foods news, Director Mikel A. Durham bought 2,809 shares of the stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $65.77 per share, with a total value of $184,747.93. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dennis Leatherby sold 145,100 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The disclosure for this sale can be found here. 2.65% of the stock is currently owned by company insiders.
Tyson Foods Company 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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