Sumitomo Life Insurance Co. boosted its stake in Tyson Foods, Inc. (NYSE:TSN) by 4.4% during the second quarter, Holdings Channel reports. The fund owned 11,407 shares of the company’s stock after buying an additional 480 shares during the period. Sumitomo Life Insurance Co.’s holdings in Tyson Foods were worth $714,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in TSN. CENTRAL TRUST Co raised its stake in shares of Tyson Foods by 55.9% in the first quarter. CENTRAL TRUST Co now owns 10,311 shares of the company’s stock valued at $636,000 after buying an additional 3,699 shares during the last quarter. Hefty Wealth Partners purchased a new stake in shares of Tyson Foods during the first quarter valued at $963,000. Wilsey Asset Management Inc. raised its stake in shares of Tyson Foods by 1.9% in the first quarter. Wilsey Asset Management Inc. now owns 134,280 shares of the company’s stock valued at $8,281,000 after buying an additional 2,468 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Tyson Foods by 25.3% in the first quarter. Gulf International Bank UK Ltd now owns 5,951 shares of the company’s stock valued at $367,000 after buying an additional 1,200 shares during the last quarter. Finally, National Pension Service raised its stake in shares of Tyson Foods by 7.1% in the first quarter. National Pension Service now owns 265,039 shares of the company’s stock valued at $16,337,000 after buying an additional 17,455 shares during the last quarter. 71.83% of the stock is currently owned by institutional investors.
Tyson Foods, Inc. (NYSE:TSN) opened at 63.63 on Thursday. The firm has a 50-day moving average price of $61.67 and a 200 day moving average price of $62.03. The company has a market cap of $23.35 billion, a P/E ratio of 13.29 and a beta of 0.26. Tyson Foods, Inc. has a 12 month low of $55.72 and a 12 month high of $77.05.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.05. The company had revenue of $9.08 billion for the quarter, compared to analyst estimates of $9.07 billion. Tyson Foods had a return on equity of 18.55% and a net margin of 4.91%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. On average, equities analysts expect that Tyson Foods, Inc. will post $5.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, August 30th. Tyson Foods’s dividend payout ratio is presently 18.79%.
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Several analysts have recently weighed in on TSN shares. Zacks Investment Research lowered Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, April 12th. Jefferies Group LLC restated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Monday, May 8th. Royal Bank Of Canada restated a “hold” rating and set a $68.00 target price on shares of Tyson Foods in a research report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $76.00 target price on shares of Tyson Foods in a research report on Tuesday, May 9th. Finally, ValuEngine downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $67.96.
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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