Oakbrook Investments LLC acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 28,750 shares of the company’s stock, valued at approximately $2,321,000.
Several other institutional investors and hedge funds have also modified their holdings of TSN. LSV Asset Management raised its stake in Tyson Foods by 6.1% in the 1st quarter. LSV Asset Management now owns 6,769,224 shares of the company’s stock worth $469,987,000 after acquiring an additional 387,480 shares during the last quarter. Northern Trust Corp raised its stake in Tyson Foods by 0.5% in the 1st quarter. Northern Trust Corp now owns 5,615,170 shares of the company’s stock worth $389,861,000 after acquiring an additional 25,628 shares during the last quarter. Geode Capital Management LLC raised its stake in Tyson Foods by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 4,527,942 shares of the company’s stock worth $241,434,000 after acquiring an additional 278,988 shares during the last quarter. FMR LLC raised its stake in Tyson Foods by 26.1% in the 4th quarter. FMR LLC now owns 3,782,197 shares of the company’s stock worth $201,970,000 after acquiring an additional 783,862 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in Tyson Foods by 111.3% in the 4th quarter. Deutsche Bank AG now owns 3,475,479 shares of the company’s stock worth $185,584,000 after acquiring an additional 1,831,055 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.
Shares of TSN stock traded down $0.69 during trading on Friday, hitting $80.98. 2,348,112 shares of the stock traded hands, compared to its average volume of 2,042,731. The company has a market capitalization of $29.58 billion, a price-to-earnings ratio of 13.15 and a beta of 0.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.38 and a quick ratio of 0.54. The firm’s fifty day moving average price is $81.13. Tyson Foods, Inc. has a 52-week low of $49.77 and a 52-week high of $84.30.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 6th. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.08. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 EPS. On average, equities analysts forecast that Tyson Foods, Inc. will post 5.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.85%. Tyson Foods’s payout ratio is currently 24.35%.
In related news, EVP Mary Oleksiuk sold 44,967 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $77.09, for a total transaction of $3,466,506.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen R. Stouffer sold 12,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $83.02, for a total transaction of $996,240.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,433 shares of company stock valued at $6,680,525. Insiders own 1.69% of the company’s stock.
TSN has been the subject of a number of recent research reports. Argus reduced their price objective on Alliance Data Systems from $194.00 to $164.00 and set a “buy” rating for the company in a research note on Tuesday, May 14th. They noted that the move was a valuation call. Piper Jaffray Companies lifted their price objective on Tactile Systems Technology to $84.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. BMO Capital Markets reduced their price objective on AKITA Drilling from C$5.00 to C$3.50 in a research note on Tuesday, May 7th. Barclays raised their target price on from GBX 200 ($2.61) to GBX 210 ($2.74) and gave the company an “equal weight” rating in a research report on Friday, June 21st. Finally, Zacks Investment Research cut Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $79.10.
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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