Tyson Foods, Inc. (TSN) Stake Lessened by Guardian Capital LP
Guardian Capital LP lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,260 shares of the company’s stock after selling 209 shares during the quarter. Guardian Capital LP’s holdings in Tyson Foods were worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Sun Life Financial INC boosted its stake in Tyson Foods by 21,000.0% in the 2nd 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 in the last quarter. Washington Trust Bank grew its position in Tyson Foods by 60.0% during the 2nd quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after purchasing an additional 840 shares during the last quarter. Independent Portfolio Consultants Inc. grew its position in Tyson Foods by 146.7% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after purchasing an additional 1,357 shares during the last quarter. IFP Advisors Inc grew its position in Tyson Foods by 17.0% during the 2nd quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock valued at $155,000 after purchasing an additional 359 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in Tyson Foods by 62.9% during the 1st quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $177,000 after purchasing an additional 1,100 shares during the last quarter. 71.89% of the stock is owned by hedge funds and other institutional investors.
In other Tyson Foods news, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mikel A. Durham purchased 2,809 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was bought at an average cost of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. 2.65% of the stock is currently owned by insiders.
Shares of Tyson Foods, Inc. (NYSE:TSN) traded up 1.26% during mid-day trading on Monday, hitting $71.34. The company had a trading volume of 707,879 shares. The company has a 50-day moving average price of $64.80 and a 200-day moving average price of $62.35. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $75.55. The company has a market capitalization of $26.17 billion, a price-to-earnings ratio of 15.04 and a beta of 0.27.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data 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 firm had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The company’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 company posted $1.21 earnings per share. On average, equities analysts anticipate that Tyson Foods, Inc. will post $5.06 EPS 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 given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s dividend payout ratio is presently 18.95%.
A number of analysts have weighed in on the stock. Barclays PLC raised their price objective on shares of Tyson Foods to $80.00 and gave the company an “overweight” rating in a research note on Monday. Zacks Investment Research upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Thursday, August 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $78.00 target price (up previously from $75.00) on shares of Tyson Foods in a research note on Thursday, August 10th. Royal Bank Of Canada increased their price target on shares of Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a report on Tuesday, August 8th. Finally, Pivotal Research reiterated a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Tyson Foods presently has an average rating of “Buy” and an average target price of $71.04.
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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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