Pacer Advisors Inc. purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,152 shares of the company’s stock, valued at approximately $2,338,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Aristotle Capital Management LLC raised its stake in shares of Tyson Foods by 2.7% during the first quarter. Aristotle Capital Management LLC now owns 8,381,851 shares of the company’s stock worth $485,058,000 after buying an additional 217,299 shares during the last quarter. AQR Capital Management LLC increased its stake in Tyson Foods by 6.7% in the first quarter. AQR Capital Management LLC now owns 6,161,003 shares of the company’s stock valued at $355,428,000 after purchasing an additional 387,483 shares in the last quarter. Principal Financial Group Inc. increased its stake in Tyson Foods by 5.8% in the first quarter. Principal Financial Group Inc. now owns 2,823,413 shares of the company’s stock valued at $163,391,000 after purchasing an additional 154,905 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Tyson Foods by 40.9% in the first quarter. Nuveen Asset Management LLC now owns 2,697,409 shares of the company’s stock valued at $156,099,000 after purchasing an additional 783,528 shares in the last quarter. Finally, Iridian Asset Management LLC CT increased its stake in Tyson Foods by 5.8% in the first quarter. Iridian Asset Management LLC CT now owns 2,285,751 shares of the company’s stock valued at $132,276,000 after purchasing an additional 124,573 shares in the last quarter. 66.11% of the stock is owned by institutional investors and hedge funds.
In other Tyson Foods news, EVP Scott Rouse sold 600 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $58.12, for a total value of $34,872.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.69% of the stock is owned by company insiders.
NYSE:TSN opened at $61.45 on Friday. Tyson Foods, Inc. has a 52 week low of $42.57 and a 52 week high of $94.24. The firm has a market cap of $22.39 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 2.55 and a beta of 0.65. The firm’s 50-day simple moving average is $60.30 and its 200 day simple moving average is $65.61. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.70 and a current ratio of 1.61.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 4th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.27). Tyson Foods had a return on equity of 13.01% and a net margin of 4.52%. The business had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $11.01 billion. During the same period in the prior year, the business posted $1.20 earnings per share. Tyson Foods’s revenue was up 4.3% compared to the same quarter last year. Sell-side analysts anticipate that Tyson Foods, Inc. will post 4.43 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.73%. The ex-dividend date is Monday, August 31st. Tyson Foods’s dividend payout ratio is currently 30.77%.
Several equities research analysts have commented on the stock. Sanford C. Bernstein raised shares of Tyson Foods from a “market perform” rating to an “outperform” rating and upped their target price for the company from $62.00 to $83.00 in a research note on Thursday, June 4th. Argus downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Zacks Investment Research downgraded shares of Tyson Foods from a “hold” rating to a “sell” rating and set a $66.00 price objective for the company. in a research report on Saturday, May 2nd. Credit Suisse Group increased their price objective on shares of Tyson Foods from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Finally, ValuEngine upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $76.92.
About Tyson Foods
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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