RDL Financial Inc. Has $1.62 Million Position in Tyson Foods, Inc. (TSN)
RDL Financial Inc. lowered its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 13.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,865 shares of the company’s stock after selling 3,956 shares during the period. RDL Financial Inc.’s holdings in Tyson Foods were worth $1,620,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Tyson Foods by 2,404.6% in the first quarter. BlackRock Inc. now owns 19,055,591 shares of the company’s stock worth $1,175,919,000 after buying an additional 18,294,771 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Tyson Foods during the first quarter worth about $73,273,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Tyson Foods by 2,655.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,216,095 shares of the company’s stock worth $75,045,000 after buying an additional 1,171,956 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Tyson Foods by 70.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,298,455 shares of the company’s stock worth $141,838,000 after buying an additional 947,215 shares in the last quarter. Finally, Cambiar Investors LLC acquired a new position in shares of Tyson Foods during the first quarter worth about $56,649,000. Hedge funds and other institutional investors own 70.83% of the company’s stock.
Shares of Tyson Foods, Inc. (NYSE TSN) opened at 64.53 on Friday. Tyson Foods, Inc. has a 12 month low of $55.72 and a 12 month high of $77.05. The firm has a 50-day moving average of $63.59 and a 200 day moving average of $62.21. The company has a market cap of $23.68 billion, a price-to-earnings ratio of 13.61 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.10. The business had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 EPS. On average, analysts expect that Tyson Foods, Inc. will post $5.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio is currently 18.95%.
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A number of research analysts have recently issued reports on TSN shares. J P Morgan Chase & Co lifted their price objective on shares of Tyson Foods from $62.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, June 26th. Zacks Investment Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $76.00 price objective on shares of Tyson Foods in a report on Tuesday, May 9th. Jefferies Group LLC reiterated a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a report on Monday, May 8th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.79.
In other Tyson Foods news, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mikel A. Durham bought 2,809 shares of the stock in a transaction on Monday, August 14th. The shares were bought at an average price of $65.77 per share, for a total transaction of $184,747.93. The disclosure for this purchase can be found here. 2.65% of the stock is currently owned by corporate insiders.
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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