Investment Management of Virginia LLC cut its position in Tyson Foods, Inc. (NYSE:TSN) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,905 shares of the company’s stock after selling 350 shares during the period. Investment Management of Virginia LLC’s holdings in Tyson Foods were worth $871,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. BlackRock Inc. increased its position in Tyson Foods by 2,404.6% in the first quarter. BlackRock Inc. now owns 19,055,591 shares of the company’s stock valued at $1,175,919,000 after buying an additional 18,294,771 shares during the period. State Street Corp increased its position in Tyson Foods by 0.9% in the first quarter. State Street Corp now owns 14,004,153 shares of the company’s stock valued at $864,191,000 after buying an additional 120,056 shares during the period. Ameriprise Financial Inc. increased its position in Tyson Foods by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 7,419,216 shares of the company’s stock valued at $457,839,000 after buying an additional 506,267 shares during the period. JPMorgan Chase & Co. increased its position in Tyson Foods by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 5,855,494 shares of the company’s stock valued at $361,341,000 after buying an additional 558,104 shares during the period. Finally, Alliancebernstein L.P. increased its position in Tyson Foods by 8.2% in the first quarter. Alliancebernstein L.P. now owns 4,790,930 shares of the company’s stock valued at $295,648,000 after buying an additional 362,044 shares during the period. Institutional investors and hedge funds own 71.05% of the company’s stock.
Tyson Foods, Inc. (NYSE:TSN) opened at 65.14 on Monday. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $77.05. The company has a 50 day moving average of $62.81 and a 200-day moving average of $62.27. The company has a market cap of $23.90 billion, a P/E ratio of 13.73 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The company had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the company earned $1.21 EPS. Tyson Foods’s revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.225 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.38%. Tyson Foods’s dividend payout ratio is presently 18.95%.
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TSN has been the subject of several research reports. Zacks Investment Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Pivotal Research reissued a “sell” rating and set a $40.00 price objective on shares of Tyson Foods in a report on Tuesday, August 8th. ValuEngine downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a report on Thursday, July 27th. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $69.79.
In other Tyson Foods news, Director Mikel A. Durham acquired 2,809 shares of the company’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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were 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 corporate insiders.
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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