Tyson Foods, Inc. (TSN) Position Boosted by Cambiar Investors LLC
Cambiar Investors LLC boosted its holdings in shares of Tyson Foods, Inc. (NYSE:TSN) by 11.0% in the first quarter, HoldingsChannel.com reports. The fund owned 495,558 shares of the company’s stock after acquiring an additional 49,302 shares during the quarter. Cambiar Investors LLC’s holdings in Tyson Foods were worth $34,407,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of TSN. Huntington National Bank boosted its holdings in Tyson Foods by 236.9% during the 4th quarter. Huntington National Bank now owns 539 shares of the company’s stock valued at $29,000 after acquiring an additional 379 shares during the period. PRW Wealth Management LLC purchased a new position in Tyson Foods during the 4th quarter valued at $29,000. Moody National Bank Trust Division purchased a new position in Tyson Foods during the 1st quarter valued at $31,000. Global Retirement Partners LLC lifted its holdings in shares of Tyson Foods by 100.0% in the 1st quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $35,000 after buying an additional 253 shares during the period. Finally, Citizens Financial Group Inc RI purchased a new stake in shares of Tyson Foods in the 4th quarter worth $37,000. Institutional investors own 71.36% of the company’s stock.
Several equities research analysts have weighed in on TSN shares. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Wednesday, January 23rd. Mizuho reiterated a “buy” rating and issued a $82.00 target price on shares of Tyson Foods in a report on Friday, February 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a report on Sunday, February 17th. Stephens started coverage on Tyson Foods in a report on Monday, March 4th. They issued an “overweight” rating and a $62.26 target price for the company. Finally, ValuEngine upgraded Tyson Foods from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $77.94.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 6th. The company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.08. The firm had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 EPS. As a group, equities analysts forecast that Tyson Foods, Inc. will post 5.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, August 29th. Tyson Foods’s payout ratio is 24.35%.
In other news, insider Stephen R. Stouffer sold 12,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $83.02, for a total value of $996,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chad Roderick Martin sold 8,233 shares of the business’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $62.36, for a total value of $513,409.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,656 shares of company stock valued at $13,866,705. Corporate insiders own 1.69% of the company’s stock.
Tyson Foods Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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