Foundry Partners LLC raised its stake in Tyson Foods, Inc. (NYSE:TSN) by 48.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 267,086 shares of the company’s stock after buying an additional 87,190 shares during the period. Tyson Foods comprises approximately 0.7% of Foundry Partners LLC’s portfolio, making the stock its 23rd largest position. Foundry Partners LLC owned about 0.07% of Tyson Foods worth $16,728,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the company. IFP Advisors Inc increased its stake in Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock valued at $130,000 after buying an additional 182 shares in the last quarter. Washington Trust Bank increased its stake in Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after buying an additional 840 shares in the last quarter. Independent Portfolio Consultants Inc. increased its stake in Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after buying an additional 1,357 shares in the last quarter. IHT Wealth Management LLC increased its stake in Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $177,000 after buying an additional 1,100 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new stake in Tyson Foods during the first quarter valued at approximately $196,000. 71.97% of the stock is owned by institutional investors.
Shares of Tyson Foods, Inc. (TSN) opened at 64.87 on Friday. The company’s 50 day moving average is $62.21 and its 200 day moving average is $62.14. The company has a market capitalization of $23.80 billion, a P/E ratio of 13.68 and a beta of 0.26. Tyson Foods, Inc. has a 12-month low of $55.72 and a 12-month high of $77.05.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business 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 earned $1.21 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Analysts expect that Tyson Foods, Inc. will post $5.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.39%. Tyson Foods’s dividend payout ratio is presently 18.95%.
Several analysts have commented on TSN shares. BidaskClub raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. BMO Capital Markets reissued a “buy” rating and issued a $75.00 target price on shares of Tyson Foods in a research report on Thursday, June 15th. Vertical Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Mizuho started coverage on shares of Tyson Foods in a research report on Wednesday, June 7th. They issued a “buy” rating and a $71.00 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 Monday, May 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Tyson Foods currently has an average rating of “Buy” and a consensus target price of $69.79.
Tyson Foods Company 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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