Tyson Foods, Inc. (TSN) Stake Lowered by Axa
Axa lowered its holdings in Tyson Foods, Inc. (NYSE:TSN) by 81.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 54,382 shares of the company’s stock after selling 241,284 shares during the quarter. Axa’s holdings in Tyson Foods were worth $3,406,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC increased its holdings in shares of Tyson Foods by 0.3% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 7,039 shares of the company’s stock valued at $434,000 after acquiring an additional 24 shares during the last quarter. Meiji Yasuda Life Insurance Co increased its holdings in shares of Tyson Foods by 0.5% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 20,580 shares of the company’s stock valued at $1,270,000 after acquiring an additional 100 shares during the last quarter. CrestPoint Capital Management LLC increased its holdings in shares of Tyson Foods by 0.5% in the 2nd quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock valued at $1,321,000 after acquiring an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Tyson Foods by 0.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 30,905 shares of the company’s stock valued at $1,907,000 after acquiring an additional 146 shares during the last quarter. Finally, Montecito Bank & Trust increased its holdings in shares of Tyson Foods by 3.7% in the 2nd quarter. Montecito Bank & Trust now owns 4,160 shares of the company’s stock valued at $260,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 70.83% of the company’s stock.
In related news, Director Mikel A. Durham bought 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, for a total transaction of $184,747.93. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $65.97, for a total value of $9,572,247.00. The disclosure for this sale can be found here. Insiders own 2.65% of the company’s stock.
Shares of Tyson Foods, Inc. (NYSE TSN) opened at 67.41 on Tuesday. The firm’s 50-day moving average price is $64.72 and its 200-day moving average price is $62.33. Tyson Foods, Inc. has a 52-week low of $55.72 and a 52-week high of $76.93. The firm has a market capitalization of $24.73 billion, a PE ratio of 14.21 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion during the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. Tyson Foods’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 earnings per share. On average, equities analysts predict that Tyson Foods, Inc. will post $5.06 earnings per share 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. The ex-dividend date is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a yield of 1.34%. Tyson Foods’s payout ratio is currently 18.95%.
A number of research analysts have recently commented on TSN shares. ValuEngine downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Barclays PLC assumed coverage on Tyson Foods in a research report on Tuesday, June 6th. They issued an “overweight” rating and a $70.00 target price for the company. Credit Suisse Group assumed coverage on Tyson Foods in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $65.00 target price for the company. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $69.79.
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Tyson Foods 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.
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