Tyson Foods, Inc. (TSN) Stake Lessened by Zurich Insurance Group Ltd FI
Zurich Insurance Group Ltd FI lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 17.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,889 shares of the company’s stock after selling 9,870 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Tyson Foods were worth $2,999,000 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 raised its position in shares of 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 during the last quarter. Garner Asset Management Corp purchased a new position in shares of Tyson Foods in the 2nd quarter worth about $2,000,000. Tudor Investment Corp ET AL raised its position in shares of Tyson Foods by 251.0% in the 2nd quarter. Tudor Investment Corp ET AL now owns 155,000 shares of the company’s stock worth $9,708,000 after purchasing an additional 110,845 shares during the last quarter. PDT Partners LLC purchased a new position in shares of Tyson Foods in the 2nd quarter worth about $22,916,000. Finally, Balyasny Asset Management LLC raised its position in shares of Tyson Foods by 209.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 345,683 shares of the company’s stock worth $21,650,000 after purchasing an additional 234,107 shares during the last quarter. 71.89% of the stock is owned by hedge funds and other institutional investors.
Shares of Tyson Foods, Inc. (NYSE TSN) opened at 71.945 on Thursday. The company has a 50-day moving average price of $65.72 and a 200 day moving average price of $62.76. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $74.65. The company has a market capitalization of $26.40 billion, a P/E ratio of 15.169 and a beta of 0.28.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the business posted $1.21 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, equities analysts anticipate that Tyson Foods, Inc. will post $5.15 earnings per share for the current fiscal year.
The firm also recently declared 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 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.
In other news, CFO Dennis Leatherby sold 145,100 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $65.97, for a total value of $9,572,247.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mikel A. Durham acquired 2,809 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of $65.77 per share, for a total transaction of $184,747.93. The disclosure for this purchase can be found here. Company insiders own 2.65% of the company’s stock.
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Several research firms have recently issued reports on TSN. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 price target for the company in a research report on Wednesday. Jefferies Group LLC lifted their price target on Tyson Foods from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday. Credit Suisse Group reaffirmed a “neutral” rating and issued a $75.00 price target (up previously from $70.00) on shares of Tyson Foods in a research report on Sunday. They noted that the move was a valuation call. Barclays PLC lifted their price target on Tyson Foods from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Mizuho reaffirmed a “buy” rating and issued a $76.00 price target on shares of Tyson Foods in a research report on Monday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $72.38.
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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