Candriam Luxembourg S.C.A. Invests $219,000 in Tyson Foods, Inc. (TSN)

Candriam Luxembourg S.C.A. acquired a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,500 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gulf International Bank UK Ltd boosted its position in 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. DnB Asset Management AS boosted its position in Tyson Foods by 17.4% in the first quarter. DnB Asset Management AS now owns 39,858 shares of the company’s stock valued at $2,460,000 after buying an additional 5,900 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Tyson Foods during the first quarter valued at $1,920,000. Hexavest Inc. bought a new position in Tyson Foods during the first quarter valued at $62,890,000. Finally, Retirement Systems of Alabama boosted its position in Tyson Foods by 0.7% in the first quarter. Retirement Systems of Alabama now owns 138,705 shares of the company’s stock valued at $8,559,000 after buying an additional 988 shares during the last quarter. 71.05% of the stock is owned by hedge funds and other institutional investors.

Shares of Tyson Foods, Inc. (NYSE TSN) opened at 65.65 on Thursday. The firm’s 50-day moving average is $62.61 and its 200-day moving average is $62.24. The stock has a market capitalization of $24.09 billion, a PE ratio of 13.84 and a beta of 0.26. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $77.05.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.18 by $0.10. The company had revenue of $9.85 billion during the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS. On average, analysts expect that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s payout ratio is presently 18.95%.

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TSN has been the subject of several research reports. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Thursday, April 27th. Jefferies Group LLC reissued a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a report on Monday, May 8th. Royal Bank Of Canada reissued a “hold” rating and set a $68.00 price objective on shares of Tyson Foods in a report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $76.00 price objective on shares of Tyson Foods in a report on Tuesday, May 9th. Finally, ValuEngine cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $69.79.

In related news, Director Mikel A. Durham purchased 2,809 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of $65.77 per share, with a total value of $184,747.93. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dennis Leatherby sold 145,100 shares of the business’s stock in a transaction 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 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.