Eagle Asset Management Inc. Takes Position in Tyson Foods, Inc. (TSN)
Eagle Asset Management Inc. bought a new stake in shares of Tyson Foods, Inc. (NYSE:TSN) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,114 shares of the company’s stock, valued at approximately $221,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Financial Counselors Inc. grew its stake in Tyson Foods by 0.3% during the second quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock valued at $301,000 after acquiring an additional 15 shares in the last quarter. Lumbard & Kellner LLC grew its stake in shares of Tyson Foods by 0.4% in the 2nd quarter. Lumbard & Kellner LLC now owns 39,875 shares of the company’s stock worth $2,497,000 after buying an additional 150 shares in the last quarter. Quantum Capital Management grew its stake in shares of Tyson Foods by 4.3% in the 2nd quarter. Quantum Capital Management now owns 3,863 shares of the company’s stock worth $242,000 after buying an additional 161 shares in the last quarter. Advisor Partners LLC grew its stake in shares of Tyson Foods by 4.1% in the 2nd quarter. Advisor Partners LLC now owns 5,250 shares of the company’s stock worth $329,000 after buying an additional 206 shares in the last quarter. Finally, Sentry Investment Management LLC grew its stake in shares of Tyson Foods by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 22,219 shares of the company’s stock worth $1,392,000 after buying an additional 229 shares in the last quarter. 71.57% of the stock is owned by institutional investors.
In other news, SVP Curt Calaway sold 21,200 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $81.01, for a total value of $1,717,412.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Bebber David L. Van sold 164,348 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $83.26, for a total transaction of $13,683,614.48. The disclosure for this sale can be found here. Insiders sold a total of 318,893 shares of company stock valued at $26,314,927 in the last 90 days. Company insiders own 2.65% of the company’s stock.
Tyson Foods, Inc. (NYSE:TSN) traded down $0.06 during trading on Thursday, hitting $83.29. 1,937,700 shares of the stock traded hands, compared to its average volume of 2,650,770. The company has a market cap of $30,649.29, a price-to-earnings ratio of 15.70 and a beta of 0.36. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 0.88. Tyson Foods, Inc. has a 12-month low of $57.05 and a 12-month high of $84.65.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.05. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.93 billion. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $0.96 EPS. equities analysts forecast that Tyson Foods, Inc. will post 5.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s dividend payout ratio (DPR) is 25.05%.
A number of equities analysts have commented on the stock. Fundamental Research set a C$1.82 price objective on shares of Tyson Foods and gave the stock a “buy” rating in a research note on Thursday, August 17th. ValuEngine raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. raised shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a research note on Wednesday, November 15th. BMO Capital Markets lifted their price objective on shares of Tyson Foods to $89.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Finally, Mizuho reissued a “buy” rating and issued a $76.00 price objective (up from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Tyson Foods has a consensus rating of “Buy” and an average price target of $73.71.
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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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