1 week Ago By ABMN Staff
National Bank of Canada FI lessened its stake in shares of Tyson Foods, Inc. ( NYSE:TSN – Free Report ) by 49.2% in the second quarter, according to its most recent filing with the SEC.
The fund owned 294,091 shares of the company’s stock after selling 284,988 shares during the period. National Bank of Canada FI’s holdings in Tyson Foods were worth $16,869,000 at the end of the most recent reporting period. Several other large investors have also modified their holdings of TSN.
First Financial Corp IN purchased a new stake in shares of Tyson Foods during the first quarter valued at $35,000. Pittenger & Anderson Inc. acquired a new position in shares of Tyson Foods in the first quarter worth about $42,000.
Lindbrook Capital LLC increased its position in shares of Tyson Foods by 42.0% in the first quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after acquiring an additional 214 shares in the last quarter.
Mather Group LLC. acquired a new stake in shares of Tyson Foods during the first quarter valued at approximately $49,000. Finally, Hantz Financial Services Inc.
purchased a new stake in shares of Tyson Foods in the 2nd quarter valued at approximately $54,000. 67.00% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth Several brokerages have issued reports on TSN. Bank of America cut their target price on shares of Tyson Foods from $62.00 to $60.
00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. BMO Capital Markets increased their price objective on Tyson Foods from $58.00 to $60.
00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. Barclays lifted their target price on Tyson Foods from $69.00 to $72.
00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Tyson Foods from $61.
00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, StockNews.
com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.
com, Tyson Foods presently has an average rating of “Hold” and an average target price of $61.00. Tyson Foods Trading Up 1.
1 % NYSE:TSN opened at $65.87 on Friday. The company has a debt-to-equity ratio of 0.
53, a quick ratio of 0.95 and a current ratio of 1.82.
The company has a market capitalization of $23.44 billion, a P/E ratio of -37.01, a P/E/G ratio of 0.
45 and a beta of 0.78. The stock’s 50 day moving average price is $60.
97 and its 200 day moving average price is $58.77. Tyson Foods, Inc.
has a 52 week low of $44.94 and a 52 week high of $66.27.
Tyson Foods ( NYSE:TSN – Get Free Report ) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
65 by $0.22. Tyson Foods had a negative net margin of 0.
01% and a positive return on equity of 4.97%. The firm had revenue of $13.
35 billion during the quarter, compared to analysts’ expectations of $13.21 billion. During the same period in the prior year, the company posted $0.
15 earnings per share. Tyson Foods’s revenue for the quarter was up 1.6% on a year-over-year basis.
On average, research analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current fiscal year.
Tyson Foods Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.49 per share.
This represents a $1.96 dividend on an annualized basis and a yield of 2.98%.
The ex-dividend date of this dividend is Friday, November 29th. Tyson Foods’s dividend payout ratio is -110.11%.
Tyson Foods Company Profile ( Free Report ) 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 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, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.
Further Reading Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. ( NYSE:TSN – Free Report ).
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