Korea Investment CORP raised its holdings in Tyson Foods, Inc. (NYSE:TSN) by 53.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 225,903 shares of the company’s stock after acquiring an additional 78,600 shares during the period. Korea Investment CORP owned 0.06% of Tyson Foods worth $15,915,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Aperio Group LLC raised its holdings in Tyson Foods by 15.5% in the 3rd quarter. Aperio Group LLC now owns 184,001 shares of the company’s stock valued at $12,963,000 after acquiring an additional 24,726 shares during the last quarter. TIAA FSB acquired a new position in Tyson Foods in the 3rd quarter valued at $3,813,000. Xact Kapitalforvaltning AB raised its holdings in Tyson Foods by 8.1% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 58,334 shares of the company’s stock valued at $4,110,000 after acquiring an additional 4,390 shares during the last quarter. Handelsbanken Fonder AB acquired a new position in Tyson Foods in the 3rd quarter valued at $740,000. Finally, Mizuho Securities USA LLC acquired a new position in Tyson Foods in the 3rd quarter valued at $1,057,000. Institutional investors own 70.97% of the company’s stock.
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Shares of Tyson Foods, Inc. (NYSE:TSN) opened at 71.04 on Monday. The firm has a market capitalization of $26.06 billion, a P/E ratio of 14.98 and a beta of 0.27. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $72.22. The company has a 50-day moving average price of $68.87 and a 200 day moving average price of $63.82.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. The business had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. Tyson Foods’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. Analysts expect that Tyson Foods, Inc. will post $5.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. Tyson Foods’s dividend payout ratio is currently 18.95%.
In other news, CFO Dennis Leatherby sold 145,100 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mikel A. Durham purchased 2,809 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $65.77 per share, for a total transaction of $184,747.93. The disclosure for this purchase can be found here. 2.65% of the stock is currently owned by company insiders.
Several research analysts have weighed in on TSN shares. Zacks Investment Research downgraded Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 28th. Credit Suisse Group started coverage on Tyson Foods in a report on Wednesday, July 19th. They issued a “neutral” rating and a $65.00 price target for the company. BidaskClub upgraded Tyson Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a report on Thursday, July 27th. Finally, Fundamental Research reiterated a “buy” rating on shares of Tyson Foods in a report on Thursday, August 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $72.96.
About Tyson Foods
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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