Private Advisor Group LLC Acquires Shares of 3,098 Tyson Foods, Inc. (TSN)
Private Advisor Group LLC acquired a new stake in Tyson Foods, Inc. (NYSE:TSN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,098 shares of the company’s stock, valued at approximately $219,000.
A number of other institutional investors have also bought and sold shares of TSN. Sun Life Financial INC grew its holdings in Tyson Foods by 21,000.0% during the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after purchasing an additional 2,100 shares during the period. Stevens First Principles Investment Advisors bought a new position in Tyson Foods during the third quarter worth about $141,000. Archford Capital Strategies LLC grew its holdings in Tyson Foods by 27,492.3% during the second quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock worth $149,000 after purchasing an additional 3,574 shares during the period. IFP Advisors Inc grew its holdings in Tyson Foods by 17.0% during the second quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock worth $155,000 after purchasing an additional 359 shares during the period. Finally, Horan Capital Advisors LLC. bought a new position in Tyson Foods during the third quarter worth about $155,000. Institutional investors and hedge funds own 71.57% of the company’s stock.
Tyson Foods, Inc. (NYSE TSN) traded down $1.99 during midday trading on Friday, hitting $80.71. 3,016,900 shares of the stock were exchanged, compared to its average volume of 2,643,574. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. Tyson Foods, Inc. has a 52 week low of $57.20 and a 52 week high of $84.65. The firm has a market capitalization of $30,410.28, a P/E ratio of 15.57 and a beta of 0.36.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, November 13th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.93 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. research analysts predict that Tyson Foods, Inc. will post 5.81 earnings per share for the current year.
The firm 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 1.49%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. Tyson Foods’s payout ratio is presently 25.05%.
In other news, General Counsel Bebber David L. Van sold 164,348 shares of Tyson Foods stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $83.26, for a total value of $13,683,614.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen R. Stouffer sold 9,238 shares of Tyson Foods stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $81.23, for a total transaction of $750,402.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 318,893 shares of company stock valued at $26,314,927. 2.65% of the stock is owned by company insiders.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 6th. ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, November 20th. Argus upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Wednesday, November 15th. upgraded 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. Finally, BMO Capital Markets lifted their price target on Tyson Foods to $89.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $73.71.
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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