Veriti Management LLC grew its position in Tyson Foods, Inc. (NYSE:TSN – Get Rating) by 4.7% during the 1st quarter, HoldingsChannel reports. The firm owned 3,789 shares of the company’s stock after purchasing an additional 169 shares during the quarter. Veriti Management LLC’s holdings in Tyson Foods were worth $340,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp raised its holdings in Tyson Foods by 4.2% in the fourth quarter. State Street Corp now owns 14,293,302 shares of the company’s stock worth $1,245,804,000 after purchasing an additional 572,929 shares during the period. Geode Capital Management LLC raised its holdings in Tyson Foods by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 5,975,278 shares of the company’s stock worth $520,055,000 after purchasing an additional 83,521 shares during the period. Victory Capital Management Inc. its raised holdings in Tyson Foods by 2.8% in the fourth quarter. Victory Capital Management Inc. Now owns 5,796,752 shares of the company’s stock worth $505,244,000 after purchasing an additional 155,745 shares during the period. Northern Trust Corp raised its holdings in Tyson Foods by 3.5% in the fourth quarter. Northern Trust Corp now owns 5,227,970 shares of the company’s stock worth $455,670,000 after purchasing an additional 178,267 shares during the period. Finally, Charles Schwab Investment Management Inc. its raised holdings in Tyson Foods by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. Now owns 4,671,782 shares of the company’s stock worth $407,193,000 after purchasing an additional 175,358 shares during the period. Institutional investors own 66.94% of the company’s stock.
TSN has been the subject of several research reports. Piper Sandler downgraded shares of Tyson Foods from a “neutral” rating to an “underweight” rating and lowered their objective price for the stock from $87.00 to $81.00 in a research report on Tuesday, May 3rd. StockNews.com downgraded shares of Tyson Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 13th. Finally, BMO Capital Markets downgraded shares of Tyson Foods from an “outperform” rating to a “market performer” rating and lowered their objective price for the stock from $115.00 to $99.00 in a research report on Monday, March 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $98.00.
Tyson Foods stock opened at $85.80 on Friday. The company has a market cap of $31.10 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 1.23 and a beta of 0.69. Tyson Foods, Inc. has a 1-year low of $69.88 and a 1-year high of $100.72. The company has a fifty day simple moving average of $89.24 and a 200 day simple moving average of $89.94. The company has a current ratio of 1.93, a quick ratio of 0.86 and a debt-to-equity ratio of 0.43.
Tyson Foods (NYSE:TSN – Get Rating) last released its earnings results on Monday, May 9th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.46. The business had revenue of $13.12 billion during the quarter, compared to the consensus estimate of $12.84 billion. Tyson Foods had a net margin of 7.90% and a return on equity of 21.13%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. On average, equities research analysts forecast that Tyson Foods, Inc. will post 9.14 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a $0.46 dividend. This represents a $1.84 dividend on an annual basis and a yield of 2.14%. The ex-dividend date is Wednesday, August 31st. Tyson Foods’s dividend payout ratio is currently 16.56%.
In other Tyson Foods news, EVP Amy Tu sold 3,346 shares of the stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $90.30, for a total value of $302,143.80. Following the completion of the sale, the executive vice president now owns 51,381 shares in the company, valued at $4,639,704.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.85% of the company’s stock.
Tyson Foods Company Profile (Get Rating)
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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats.
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