Tyson Foods, Inc. (NYSE:TSN) Stake Cut by National Pension Service
National Pension Service reduced its position in Tyson Foods, Inc. (NYSE:TSN) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,051 shares of the company’s stock after selling 1,988 shares during the period. National Pension Service owned about 0.07% of Tyson Foods worth $16,196,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of TSN. IFP Advisors Inc raised its position in shares of Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock valued at $130,000 after buying an additional 182 shares during the period. Independent Portfolio Consultants Inc. raised its position in shares of Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after buying an additional 1,357 shares during the period. IHT Wealth Management LLC raised its position in shares of Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $177,000 after buying an additional 1,100 shares during the period. Harbour Capital Advisors LLC purchased a new position in shares of Tyson Foods during the first quarter valued at about $196,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Tyson Foods during the first quarter valued at about $203,000. 72.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tyson Foods, Inc. (TSN) opened at 61.39 on Friday. The company has a market cap of $22.53 billion, a P/E ratio of 12.82 and a beta of 0.25. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $77.05. The company has a 50-day moving average price of $59.87 and a 200-day moving average price of $62.15.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, May 8th. The company reported $1.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.05. The company had revenue of $9.08 billion for the quarter, compared to analyst estimates of $9.07 billion. Tyson Foods had a return on equity of 18.55% and a net margin of 4.91%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 earnings per share. On average, analysts predict that Tyson Foods, Inc. will post $5.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, August 30th. Tyson Foods’s payout ratio is presently 18.79%.
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Several equities analysts have recently issued reports on the company. BidaskClub lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Pivotal Research reaffirmed a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a research note on Wednesday. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Thursday. Mizuho reaffirmed a “buy” rating and set a $71.00 price target on shares of Tyson Foods in a research note on Monday, July 10th. Finally, Vertical Research raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $69.04.
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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