Horan Capital Advisors LLC. Takes Position in Tyson Foods, Inc. (TSN)
Horan Capital Advisors LLC. purchased a new position in shares of Tyson Foods, Inc. (NYSE:TSN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,204 shares of the company’s stock, valued at approximately $155,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in Tyson Foods by 6,356.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock valued at $155,256,000 after buying an additional 2,440,548 shares in the last quarter. Iridian Asset Management LLC CT grew its position in Tyson Foods by 64.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock valued at $340,488,000 after buying an additional 1,893,438 shares in the last quarter. FMR LLC grew its position in Tyson Foods by 155.4% in the 2nd quarter. FMR LLC now owns 2,010,522 shares of the company’s stock valued at $125,920,000 after buying an additional 1,223,351 shares in the last quarter. Ameriprise Financial Inc. grew its position in Tyson Foods by 12.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock valued at $621,587,000 after buying an additional 980,069 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Tyson Foods by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after buying an additional 900,009 shares in the last quarter. Institutional investors and hedge funds own 73.44% of the company’s stock.
Tyson Foods, Inc. (TSN) traded up $0.57 during midday trading on Thursday, hitting $79.63. 1,703,900 shares of the stock were exchanged, compared to its average volume of 2,648,744. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $29,480.00, a price-to-earnings ratio of 14.89 and a beta of 0.30. Tyson Foods, Inc. has a 1-year low of $55.94 and a 1-year high of $79.79.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The business 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 firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. equities research analysts predict that Tyson Foods, Inc. will post 5.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. Tyson Foods’s dividend payout ratio is 18.79%.
A number of equities research analysts have weighed in on the stock. Fundamental Research set a C$1.82 price target on shares of Tyson Foods and gave the company a “buy” rating in a report on Thursday, August 17th. ValuEngine raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday. raised shares of Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price target for the company in a report on Wednesday, November 15th. BMO Capital Markets upped their price target on shares of Tyson Foods to $89.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Finally, Royal Bank Of Canada upped their price target on shares of Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a report on Tuesday, August 8th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Tyson Foods currently has a consensus rating of “Buy” and an average price target of $73.71.
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In related news, insider Scott Rouse sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total value of $77,260.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Stephen R. Stouffer sold 7,754 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $79.55, for a total value of $616,830.70. The disclosure for this sale can be found here. 2.65% of the stock is owned by corporate 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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