Bp Plc Takes Position in Tyson Foods, Inc. (TSN)
Bp Plc acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) during the second quarter, Holdings Channel reports. The fund acquired 33,000 shares of the company’s stock, valued at approximately $2,066,000.
Other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC boosted its position in shares of Tyson Foods by 11.7% in the first quarter. ProShare Advisors LLC now owns 58,431 shares of the company’s stock valued at $3,606,000 after buying an additional 6,143 shares in the last quarter. IFC Holdings Incorporated FL boosted its position in shares of Tyson Foods by 6.8% in the first quarter. IFC Holdings Incorporated FL now owns 4,757 shares of the company’s stock valued at $295,000 after buying an additional 303 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Tyson Foods by 170.5% in the first quarter. Nationwide Fund Advisors now owns 222,306 shares of the company’s stock valued at $13,719,000 after buying an additional 140,123 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of 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 in the last quarter. Finally, Hexavest Inc. acquired a new position in shares of Tyson Foods during the first quarter valued at about $62,890,000. 71.97% of the stock is currently owned by institutional investors.
Tyson Foods, Inc. (NYSE:TSN) opened at 64.87 on Friday. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $77.05. The firm has a 50 day moving average of $62.21 and a 200 day moving average of $62.14. The firm has a market capitalization of $23.80 billion, a PE ratio of 13.68 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. The company had revenue of $9.85 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. Equities analysts forecast that Tyson Foods, Inc. will post $5.06 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.39%. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.
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Several brokerages have recently issued reports on TSN. Credit Suisse Group set a $70.00 price objective on shares of Tyson Foods and gave the stock a “neutral” rating in a research note on Tuesday. Pivotal Research reaffirmed a “sell” rating and issued a $40.00 price objective on shares of Tyson Foods in a research note on Tuesday. Royal Bank Of Canada lifted their price objective on shares of Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Mizuho reaffirmed a “buy” rating and issued a $76.00 price objective (up previously from $71.00) on shares of Tyson Foods in a research note on Wednesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $78.00 price objective (up previously from $75.00) on shares of Tyson Foods in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $69.79.
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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