Icon Advisers Inc. Co. raised its position in Tyson Foods, Inc. (NYSE:TSN) by 669.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 154,700 shares of the company’s stock after buying an additional 134,600 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Tyson Foods were worth $9,689,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Washington Trust Bank increased its stake in Tyson Foods by 60.0% in the 2nd quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after buying an additional 840 shares during the period. Independent Portfolio Consultants Inc. grew its stake in shares of Tyson Foods by 146.7% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock worth $143,000 after purchasing an additional 1,357 shares during the period. IFP Advisors Inc grew its stake in shares of Tyson Foods by 17.0% during the 2nd quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock worth $155,000 after purchasing an additional 359 shares during the period. IHT Wealth Management LLC grew its stake in shares of Tyson Foods by 62.9% during the 1st quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock worth $177,000 after purchasing an additional 1,100 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Tyson Foods during the 1st quarter worth $196,000. 70.85% of the stock is currently owned by institutional investors.
Tyson Foods, Inc. (NYSE:TSN) traded up 0.05% during midday trading on Wednesday, hitting $65.85. 540,241 shares of the company traded hands. The stock has a 50 day moving average of $64.18 and a 200 day moving average of $62.20. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $76.93. The stock has a market cap of $24.16 billion, a P/E ratio of 13.88 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.10. The firm had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. Tyson Foods’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 earnings per share. Equities research analysts predict that Tyson Foods, Inc. will post $5.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s payout ratio is currently 18.95%.
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A number of research firms have recently weighed in on TSN. Zacks Investment Research cut shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 28th. BidaskClub cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Fundamental Research reaffirmed a “buy” rating on shares of Tyson Foods in a research note on Thursday, August 17th. BMO Capital Markets reaffirmed an “outperform” rating and set a $78.00 price target (up from $75.00) on shares of Tyson Foods in a research note on Thursday, August 10th. Finally, Mizuho reaffirmed a “buy” rating and set a $76.00 price target (up from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.79.
In related news, CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mikel A. Durham bought 2,809 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average cost of $65.77 per share, for a total transaction of $184,747.93. The disclosure for this purchase can be found here. 2.65% of the stock is 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.
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