Greenleaf Trust grew its stake in Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 5.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,882 shares of the company’s stock after buying an additional 388 shares during the period. Greenleaf Trust’s holdings in Tyson Foods were worth $678,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Arlington Partners LLC acquired a new stake in shares of Tyson Foods in the second quarter worth about $25,000. Core Alternative Capital lifted its position in shares of Tyson Foods by 136.2% in the second quarter. Core Alternative Capital now owns 307 shares of the company’s stock worth $26,000 after buying an additional 177 shares during the last quarter. Hallmark Capital Management Inc. acquired a new stake in shares of Tyson Foods in the second quarter worth about $26,000. Tcwp LLC acquired a new stake in shares of Tyson Foods in the first quarter worth about $28,000. Finally, Artemis Wealth Advisors LLC acquired a new position in shares of Tyson Foods during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 68.55% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on TSN shares. StockNews.com cut Tyson Foods from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. The Goldman Sachs Group cut their price objective on Tyson Foods from $111.00 to $97.00 and set a “buy” rating for the company in a research report on Monday, November 7th. Credit Suisse Group cut their price target on Tyson Foods to $75.00 in a report on Thursday, November 17th. JPMorgan Chase & Co. cut their price target on Tyson Foods from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, November 15th. Finally, Argus cut Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $81.22.
Insider Buying and Selling
Tyson Foods Trading Down 0.3 %
TSN stock opened at $67.14 on Thursday. Tyson Foods, Inc. has a 1-year low of $62.94 and a 1-year high of $100.72. The firm has a market cap of $24.14 billion, a P/E ratio of 7.53 and a beta of 0.72. The business’s 50 day moving average is $67.11 and its 200-day moving average is $77.89. The company has a current ratio of 1.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40.
Tyson Foods (NYSE:TSN – Get Rating) last released its quarterly earnings data on Monday, November 14th. The company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.07). Tyson Foods had a net margin of 6.08% and a return on equity of 16.62%. The company had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.49 billion. During the same quarter in the prior year, the company posted $2.30 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts anticipate that Tyson Foods, Inc. will post 6.63 earnings per share for the current fiscal year.
Tyson Foods Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, February 28th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.46. This represents a $1.92 dividend on an annualized basis and a yield of 2.86%. Tyson Foods’s dividend payout ratio is 20.63%.
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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats.
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