Tyson Foods, Inc. (NYSE:TSN) Shares Bought by Foundry Partners LLC
Foundry Partners LLC increased its position in Tyson Foods, Inc. (NYSE:TSN) by 48.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 267,086 shares of the company’s stock after buying an additional 87,190 shares during the period. Tyson Foods comprises 0.7% of Foundry Partners LLC’s investment portfolio, making the stock its 23rd largest position. Foundry Partners LLC’s holdings in Tyson Foods were worth $16,728,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in TSN. Stoneridge Investment Partners LLC boosted its stake in shares of Tyson Foods by 70.2% in the second quarter. Stoneridge Investment Partners LLC now owns 150,575 shares of the company’s stock worth $9,431,000 after buying an additional 62,088 shares during the last quarter. BP PLC acquired a new stake in shares of Tyson Foods during the second quarter worth about $2,066,000. Advisor Partners LLC boosted its stake in shares of Tyson Foods by 4.1% in the second quarter. Advisor Partners LLC now owns 5,250 shares of the company’s stock worth $329,000 after buying an additional 206 shares during the last quarter. Algert Global LLC boosted its stake in shares of Tyson Foods by 3.5% in the second quarter. Algert Global LLC now owns 39,295 shares of the company’s stock worth $2,461,000 after buying an additional 1,343 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Tyson Foods by 23.2% in the second quarter. Pictet Asset Management Ltd. now owns 324,423 shares of the company’s stock worth $18,603,000 after buying an additional 61,041 shares during the last quarter. 71.97% of the stock is owned by hedge funds and other institutional investors.
Tyson Foods, Inc. (TSN) opened at 64.87 on Friday. The firm has a market cap of $23.80 billion, a P/E ratio of 13.68 and a beta of 0.26. The company has a 50-day moving average price of $62.21 and a 200-day moving average price of $62.14. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $77.05.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The business had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the company earned $1.21 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts forecast that Tyson Foods, Inc. will post $5.06 EPS for the current fiscal 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 $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.39%. Tyson Foods’s dividend payout ratio is currently 18.95%.
WARNING: This report was published by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.watchlistnews.com/tyson-foods-inc-nysetsn-shares-bought-by-foundry-partners-llc/1474254.html.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Thursday. BMO Capital Markets reissued an “outperform” rating and issued a $78.00 target price (up previously from $75.00) on shares of Tyson Foods in a research report on Thursday. Mizuho reissued a “buy” rating and issued a $76.00 target price (up previously from $71.00) on shares of Tyson Foods in a research report on Wednesday. Royal Bank Of Canada boosted their target price on shares of Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research report on Tuesday. Finally, Pivotal Research reissued a “sell” rating and issued a $40.00 target price on shares of Tyson Foods in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $69.79.
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.
Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).
Receive News & Ratings for Tyson Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.