Thrivent Financial For Lutherans trimmed its holdings in Tyson Foods, Inc. (NYSE:TSN) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,860 shares of the company’s stock after selling 490 shares during the period. Thrivent Financial For Lutherans’ holdings in Tyson Foods were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. BlackRock Inc. grew its stake in Tyson Foods by 0.7% in the second quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock valued at $1,201,973,000 after acquiring an additional 136,071 shares during the period. State Street Corp grew its stake in Tyson Foods by 0.9% in the first quarter. State Street Corp now owns 14,004,153 shares of the company’s stock valued at $864,191,000 after acquiring an additional 120,056 shares during the period. Ameriprise Financial Inc. grew its stake in Tyson Foods by 5.7% in the second quarter. Ameriprise Financial Inc. now owns 7,843,052 shares of the company’s stock valued at $491,179,000 after acquiring an additional 423,836 shares during the period. LSV Asset Management grew its stake in Tyson Foods by 3.3% in the second quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock valued at $336,508,000 after acquiring an additional 171,600 shares during the period. Finally, APG Asset Management N.V. grew its stake in Tyson Foods by 10.3% in the second quarter. APG Asset Management N.V. now owns 3,784,280 shares of the company’s stock valued at $237,009,000 after acquiring an additional 352,000 shares during the period. 71.89% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on TSN. Royal Bank Of Canada reissued a “sector perform” rating and issued a $77.00 target price (up from $70.00) on shares of Tyson Foods in a research note on Friday, October 6th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 target price for the company in a research note on Wednesday, October 4th. Jefferies Group LLC boosted their target price on Tyson Foods from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Mizuho reissued a “buy” rating and issued a $76.00 target price on shares of Tyson Foods in a research note on Monday, October 2nd. Finally, Barclays PLC boosted their target price on Tyson Foods from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Tyson Foods presently has a consensus rating of “Buy” and an average target price of $72.96.
Tyson Foods (NYSE:TSN) last issued its 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 business had revenue of $9.85 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the company posted $1.21 EPS. The firm’s revenue was up 4.8% compared to the same quarter last 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 given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s payout ratio is 18.95%.
In related news, CFO Dennis Leatherby sold 145,100 shares of the business’s 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mikel A. Durham bought 2,809 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. Insiders own 2.65% of the company’s stock.
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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