Foster & Motley Inc. increased its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,574 shares of the company’s stock after buying an additional 477 shares during the period. Foster & Motley Inc.’s holdings in Tyson Foods were worth $1,476,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC raised its position in Tyson Foods by 0.3% in the first quarter. Jaffetilchin Investment Partners LLC now owns 7,039 shares of the company’s stock valued at $434,000 after buying an additional 24 shares during the period. Smith Salley & Associates raised its position in Tyson Foods by 0.8% in the first quarter. Smith Salley & Associates now owns 3,628 shares of the company’s stock valued at $224,000 after buying an additional 28 shares during the period. Horrell Capital Management Inc. raised its position in Tyson Foods by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock valued at $1,682,000 after buying an additional 100 shares during the period. Meiji Yasuda Life Insurance Co raised its position in Tyson Foods by 0.5% in the first quarter. Meiji Yasuda Life Insurance Co now owns 20,580 shares of the company’s stock valued at $1,270,000 after buying an additional 100 shares during the period. Finally, CrestPoint Capital Management LLC raised its position in Tyson Foods by 0.5% in the second quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock valued at $1,321,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 71.83% of the company’s stock.
Tyson Foods, Inc. (NYSE TSN) opened at 63.36 on Tuesday. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $77.05. The company’s 50 day moving average price is $61.63 and its 200-day moving average price is $62.02. The firm has a market capitalization of $23.25 billion, a price-to-earnings ratio of 13.24 and a beta of 0.25.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, May 8th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.05. The firm had revenue of $9.08 billion during the quarter, compared to the consensus estimate of $9.07 billion. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 earnings per share. On average, equities analysts anticipate that Tyson Foods, Inc. will post $5.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Wednesday, August 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 18.79%.
A number of research firms have commented on TSN. BMO Capital Markets reaffirmed a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a research note on Thursday, June 15th. BidaskClub raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Thursday, July 13th. Mizuho started coverage on shares of Tyson Foods in a research report on Wednesday, June 7th. They issued a “buy” rating and a $71.00 price target for the company. Finally, Barclays PLC started coverage on Tyson Foods in a report on Tuesday, June 6th. They issued an “overweight” rating and a $70.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Tyson Foods has an average rating of “Buy” and an average target price of $69.04.
About Tyson Foods
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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