Great West Life Assurance Co. Can grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 48.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 802,096 shares of the company’s stock after buying an additional 259,957 shares during the period. Great West Life Assurance Co. Can owned 0.22% of Tyson Foods worth $58,688,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Tyson Foods by 10.6% in the fourth quarter. BlackRock Inc. now owns 22,658,190 shares of the company’s stock valued at $1,836,900,000 after buying an additional 2,168,652 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Tyson Foods by 3.8% in the fourth quarter. Alliancebernstein L.P. now owns 6,377,778 shares of the company’s stock valued at $517,046,000 after purchasing an additional 232,637 shares during the period. LSV Asset Management grew its holdings in shares of Tyson Foods by 5.7% in the first quarter. LSV Asset Management now owns 6,013,356 shares of the company’s stock valued at $440,117,000 after purchasing an additional 326,200 shares during the period. Iridian Asset Management LLC CT grew its holdings in shares of Tyson Foods by 7.5% in the first quarter. Iridian Asset Management LLC CT now owns 5,873,154 shares of the company’s stock valued at $429,856,000 after purchasing an additional 410,865 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Tyson Foods by 5.8% in the first quarter. Northern Trust Corp now owns 5,517,459 shares of the company’s stock valued at $403,823,000 after purchasing an additional 301,968 shares during the period. Institutional investors and hedge funds own 71.61% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Tyson Foods in a report on Thursday, May 10th. They issued an “outperform” rating for the company. Zacks Investment Research lowered shares of Tyson Foods from a “hold” rating to a “sell” rating in a report on Thursday, May 10th. Credit Suisse Group set a $71.00 price objective on shares of Tyson Foods and gave the company a “hold” rating in a report on Tuesday, May 8th. Buckingham Research reissued a “hold” rating and issued a $71.00 price objective (down previously from $79.00) on shares of Tyson Foods in a report on Tuesday, May 8th. Finally, Morgan Stanley dropped their price objective on shares of Tyson Foods to $76.00 and set an “equal weight” rating for the company in a report on Tuesday, May 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $74.93.
Shares of Tyson Foods opened at $69.59 on Monday, Marketbeat reports. The company has a quick ratio of 0.69, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 0.96 and a beta of 0.20. Tyson Foods, Inc. has a 1-year low of $57.20 and a 1-year high of $84.65.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 7th. The company reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.04). The company had revenue of $9.77 billion for the quarter, compared to analysts’ expectations of $9.86 billion. Tyson Foods had a return on equity of 19.10% and a net margin of 6.97%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $1.01 EPS. equities research analysts anticipate that Tyson Foods, Inc. will post 6.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 22.60%.
Tyson Foods Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.
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